EU member states must act now as clock ticks on 2025 CO2 targets
The European vehicle industry reaffirms its commitment to the EU’s 2050 climate neutrality goal and the shift to zero-emission mobility. However, with the 2025 clock ticking, manufacturers face mounting challenges meeting CO2 reduction targets due to sluggish demand for battery electric vehicles and a deteriorating economic climate.
Ahead of the Competitiveness Council this Thursday, 28 November, the European Automobile Manufacturers’ Association (ACEA) urges EU member states to set aside differences and agree on the most time-sensitive measure – easing the 2025 compliance costs.
Sigrid de Vries, ACEA Director General: “Manufacturers alone are bearing the burden of a transformation hindered by factors beyond their control, like inadequate charging infrastructure and insufficient purchase incentives. It is encouraging to see EU Member States discussing concrete and viable options to relieve immediate and disproportionate compliance pressure, such as introducing multi-year compliance periods or allowing the banking and borrowing of CO2 credits across years. Reducing compliance costs for 2025 while keeping the green mobility transformation firmly on track is essential to ensuring the EU vehicle sector’s resilience and long-term ability to navigate the green transition.
Reducing compliance costs for 2025 while keeping the green mobility transformation firmly on track is essential to ensuring the EU vehicle sector’s resilience and long-term ability to navigate the green transition.
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
