Agreement on 2020 CO2 targets for cars

Brussels, 25 June 2013 - The European Automobile Manufacturers' Association (ACEA) will work with its members to study the details of yesterday evening's agreement between the European Parliament and the Council on the CO2 emissions targets for new passenger cars for 2020. This agreement defines the way in which the target of 95g CO2/Km should be reached. "This is an important milestone in the negotiations, but there still is some way to go before a final agreement is voted in the plenary of the European Parliament," commented Ivan Hodac, ACEA Secretary General.

"At this stage we would simply like to stress once again that if super-credits are to achieve their aim of fostering innovation and bringing ultra low-emission vehicles to the market, they need to be applied in a more meaningful way, as is the case in other regions of the world. It is in everyone's interest to get clean vehicles on the roads, and super-credits are the only EU-wide incentive to help put on the market today the technologies of the future." ACEA also takes note of the fact that long-term targets have not been set at this stage.

Hodac: "Today Europe’s auto industry delivers vehicles with the highest environmental standards in the world, and we are committed to continue doing so. However, it is only reasonable to first conduct proper impact assessments before fixing targets for beyond 2020 to ensure that such targets can be both ambitious and feasible."

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Notes for editors

ACEA's members are BMW Group, DAF Trucks, Daimler, FIAT S.p.A., Ford of Europe, General Motors Europe, Hyundai Motor Europe, IVECO S.p.A., Jaguar Land Rover, PSA Peugeot Citroën, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, Volvo Group. More information can be found on www.acea.be.

Facts about the EU automobile industry

  • Some 11.6 million people - or 5.3% of the EU employed population - work in the sector.
  • The 3.2 million jobs in automotive manufacturing represent 10.2% of EU's manufacturing employment.
  • Motor vehicles account for over €385 billion in tax contribution in the EU.
  • The sector is also a key driver of knowledge and innovation, representing Europe's largest private contributor to R&D, with €26 billion invested annually.
  • The automotive sector contributes positively to the EU trade balance with a €92 billion surplus. This contribution is highly significant today as the EU economy as a whole struggles with a total trade deficit for goods of €152.8 billion.

For further information, please contact Cara McLaughlin, Director of Communications, ACEA, Tel: +32 2 738 73 45; Mobile: +32 485 88 66 47; cm@acea.be