The objective of this paper is to arrive at an assessment of the cost effectiveness of more fuel efficient cars.
More specifically, the paper assesses upfront technological costs and paybacks in fuel savings resulting from technical measures necessary to achieve the long-standing objective of 120 grams of CO2 emissions per kilometre for new cars sold in the EU by 2010 at the latest. [A note from Transport and Environment (T&E) to the CARS21 working group on the ‘Integrated Approach’]
Europe must stand firm over its future targets for carmakers as it cannot afford to fall further behind China.
The decision to create a Europe-wide carbon price was right but creates significant political risk. The good news is it can still be fixed.
It's about time the EU requires parts of key products to be made locally – and nowhere is this more urgent than in the battery sector.