Mandatory limits reduce prices
A report for the Commission by the London-based consultancy AEA Technology confirms T&E’s findings that car prices have decreased since the introduction of obligatory CO2 limits for new cars.
The report ‘Effect of regulations and standards on vehicle prices’ suggests that car makers find it easier to pass costs on to buyers of cars at the top of the range, but that those in the more competitive part of the market cannot do this so easily.
- Average CO2 emissions from new cars sold in the EU finally reached the symbolic figure of 140 grams per kilometre in 2010. This was the target the car makers agreed to meet by 2008 in a voluntary agreement they signed with the Commission in 1999. That agreement prevented the EU introducing obligatory emissions standards, but the car makers’ slow progress towards their target led to obligatory standards in 2008.
Related Articles
View All
150 new power plants: the cost of balancing the grid if the EU slashes EV targets
Scaling back the EU’s electric car targets makes the transition to renewables far more expensive to achieve.
Weakening CO₂ standards undermines the Vehicle-to-Grid potential of EVs
A new report by Fraunhofer ISI examines the diminished benefits of V2G for Europe's electricity system if the EU weakens its car CO2 targets.
T&E's position paper