European auto makers welcome pragmatic solution on CO2 compliance by largest European Parliament party
Brussels, 11 December – We are encouraged by the European People’s Party’s recognition of the numerous challenges European automakers face, including heavy vehicle manufacturers of trucks and buses.
Competitiveness is key to driving decarbonisation, and we welcome the proposed list of conditions for competitiveness and enabling conditions, and pragmatic efforts to ease CO2 compliance challenges for light-duty vehicles, namely cars and vans.
“The EPP’s call to address the disproportionate compliance costs due to low demand for electric vehicles is an important recognition of the difficulties we face as an industry,” noted Sigrid de Vries, Director General of the European Automobile Manufacturers’ Association (ACEA). “But the industry is running out of time on the 2025 compliance costs—this is no exaggeration. Manufacturers are deciding today whether to “freeze” funds for penalties, cut down production, or buy credits from foreign manufacturers to comply. These decisions are irreversible and must be made before the year’s end.”
For this reason, manufacturers strongly support the EPP’s call for additional flexibilities within the CO2 regulation to enable manufacturers to achieve compliance.
Competitiveness is key to driving decarbonisation, and we welcome the proposed list of conditions for competitiveness and enabling conditions, and pragmatic efforts to ease CO2 compliance challenges for light-duty vehicles, namely cars and vans.
About ACEA
- The European Automobile Manufacturers’ Association (ACEA) represents the 16 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Nissan, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on https://www.x.com/ACEA_auto or http://www.linkedin.com/company/ACEA/
Contact:
- Ben Kennard, Head of Communications, bk@acea.auto, +32 (0) 2 738 73 17
- Julien Hoez, Media Relations Manager, jh@acea.auto, +32 (0) 2 738 73 45
About the EU automobile industry
- 13.2 million Europeans work in the automotive sector
- 10.3% of all manufacturing jobs in the EU
- €383.7 billion in tax revenue for European governments
- €106.7 billion trade surplus for the European Union
- Over 7.5% of EU GDP generated by the auto industry
- €72.8 billion in R&D spending annually, 33% of EU total
