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.
But going back on the 2035 zero-emissions target and deploying no industrial strategy could instead see loss of 1 million auto jobs.
A new study models the impact of EU electric vehicle leadership and ambitious policies on investment and jobs.
In many markets European carmakers are falling behind Chinese EV manufacturers as they have little to offer to aspiring drivers in the Global South ri...