European Carmakers sound the alarm

In anticipation of the upcoming COP28 climate conference and ahead of next year’s Euro elections, the President of the European Automobile Manufacturers’ Association (ACEA) presented a manifesto and roadmap for a competitive European mobility ecosystem, signed by the CEOs of all leading European vehicle manufacturers.

Luca de Meo, who is also CEO of the Renault Group, said: “Our sector is undergoing the biggest transformation in more than a century. There is no doubt about the need to decarbonise transport. We are investing billions to achieve these goals – and we are investing far more than any other sector.” ACEA says that because of its scale, no single entity is capable of delivering the transformation, but the entire transport ecosystem needs to be transformed. That is why it has published its manifesto for the whole sector, addressed in particular to the future European Parliament and the Commission. The manifesto proposes a three-pillar plan – supply, production and demand – to be implemented by the automotive industry and its partners.

“The automotive sector has to implement an average of eight to nine EU regulations every year until 2030, which are gradually coming into force, in some cases with conflicting regulations,” says the ACEA president, adding: “Europe urgently needs to adopt a holistic approach to the challenges of the automotive industry, covering the entire supply and production chain from start to finish. The challenges we face cut across many sectors: automotive, mining, energy, infrastructure and more. If we look at our global competitors, we see that they are very good at this.”

“Europe not only needs to ensure that we are as well equipped as other regions, but also that we have a level playing field in global competition. Competition is very healthy and real competition also means open global markets and rules for fair and free trade,” de Meo said. A key element of ACEA’s plan is to make Europe a hub for green and smart vehicle production. “We need to work together to create the conditions for the production of a variety of zero-emission vehicle models, including small, affordable electric vehicles that are profitable to produce in Europe,” explained the ACEA president.

ACEA presented its Manifesto Competitive European Automotive Industry Leading the Mobility Revolution as part of its #FutureDriven campaign. In the document, ACEA presents its vision of an industry that promotes sustainability, high-skilled European jobs, safe and reliable transport, global competitiveness and affordable mobility for all. It contains key policy recommendations for the EU’s five-year mandate and presents an action plan for a competitive European transport ecosystem based on three pillars: supply, production and demand.

Why is this important?

Nearly 13 million Europeans work in the automotive industry
(8.3% of all manufacturing jobs).
The sector generates 392.2 billion euros in tax revenues for European governments,
101.9 billion euros in EU trade surplus, more than 7% of the EU’s GDP
and annually spends 59.1 billion euros on research and development,
which represents 31% of the EU’s total R&D expenditure.

The European Automobile Manufacturers’ Association (ACEA) represents 14 major European car, van, truck and bus manufacturers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group and Volvo Group.

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