ACEA’s president, Luca de Meo, is critical of Europe’s regulatory policies despite incentives for its manufacturers by the United States and China
The European car manufacturers grouped in ACEA sent a letter on Tuesday to the European Commission, the European Parliament and the ambassadors of the Member States to the European Union demanding
that climate targets are not “unrealistic”.as well as a community response to the US Inflation Reduction Act and the Asian giant’s Made in China 2025 plan.
For the foreseeable future, they demand from this association chaired by Luca de Meo that the industry “strengthen its position on the world stage” in a sector moving towards electric motors, where the EU has 19.4% of the world market for electric vehicles represents. passengers, the United States 19.3%, South America 4.2% and Asia 52%.
The President of ACEA and CEO of the Renault Group, Luca de Meo, has asked lawmakers to be aware of the real reality as “our industry has long had a competitive advantage through the internal combustion engine value chain. This is no longer the case with electric vehicles.” In this sense, he has stated that “support from local and national authorities has been tremendous and continues to grow in China and the United States.”
De Meo has stated that “through the Inflation Reduction Act (IRA) we are seeing the United States
boost your industry in the green transition, while Europe’s approach is to regulate the industry, often in an unsynchronized way.
For example, the Euro 7 proposal on polluting emissions imposes “unrealistic constraints on industry” and would even slow down the move towards a low-carbon economy. “Complying with Euro 7 would bring
cost increases that could deter customers to buy these new electric cars,” de Meo warned. “This could extend the life of the fleet: that is, older cars, with higher emissions, would stay on the road longer.”
According to Luca de Meo, “We could achieve a much better cost-benefit ratio if we redirect the huge investments that Euro 7 would require to electrification, making electric vehicles more affordable and developing zero-emission technologies to improve the fleet.”
The industry also hopes that the
Act on Critical Raw Materials improving national capacity to extract, refine and process raw materials, as well as improving security of supply. Otherwise, carmakers in the EU will remain at a significant disadvantage compared to their counterparts in other regions, ACEA warns.
The European Association of Automobile Manufacturers (ACEA) estimates that l
Car sales in the European Union up by 5% up to 9.8 million vehicles in 2023 compared to last year, although data will still be 25% below pre-pandemic levels.
“Despite the many uncertainties ahead, the market should begin a recovery in 2023,” the company said at a news conference on Tuesday.
ACEA CEO Sigrid de Vrieswhich pointed out that 9.3 million cars were sold in 2022, 10.4% less than in 20201 and the lowest level in three decades.
In the five major Community markets registrations in 2022 increased in Germany (+1.1%) and decreased in France (-7.8%), Italy (9.7%) and Spain (-5.4%).
Source: La Verdad
I am Mary Fitzgerald, a professional journalist and author of the Today Times Live. My specialty is in writing and reporting on technology-related topics. I have spent the last seven years extensively researching and understanding the field of technology so I can properly inform my readers about developments in this ever-evolving world.
