European auto makers welcome pragmatic solution on CO2 compliance by largest European Parliament party

European auto makers welcome pragmatic solution on CO2 compliance by largest European Parliament party

ACEA — 2024-12-11

News from Brussels

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.