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’]
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...