EU Parliament vote on CO2 targets for cars and vans: auto industry voices concerns
Brussels, 3 October 2018 – The European Automobile Manufacturers’ Association (ACEA) has voiced its serious concerns about the outcome of the European Parliament’s plenary vote on future CO2 reduction targets for cars and vans.
“We remain particularly concerned about the extremely aggressive CO2 reduction targets and the imposition of sales quotas for battery electric vehicles that MEPs have backed. Today’s vote risks having a very negative impact on jobs across the automotive value chain,” stated ACEA Secretary General, Erik Jonnaert. “It would essentially force the industry into a dramatic transformation in record time.”
ACEA also takes note of the fact that there was a very tight majority on some crucial issues.
“There is no guarantee that we have the right enabling framework in place to facilitate this sudden transition to electromobility.” Currently recharging infrastructure is severely lacking, and consumer incentives to purchase the more expensive electric vehicles remain unharmonised across the EU.
“Consumers cannot be forced to buy electric cars, without the necessary infrastructure or incentives in place,” Erik Jonnaert explained.
Jonnaert: “We can only hope that national governments bring some realism to the table when adopting their common position on the future CO2 targets next week.”
- The European Automobile Manufacturers’ Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Cara McLaughlin, Communications Director, firstname.lastname@example.org, +32 485 88 66 47.
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About the EU automobile industry
- 14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.7 million – are in the automotive sector.
- Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €74 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.