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Automotive Industry
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 2024, 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."