Fact sheet #7 – Euro 7: Good or bad for industry competitiveness?
Europe’s auto industry is a leading driver of EU economic growth. The Euro 7 proposal means that certain vehicle models and segments could no longer be produced in the EU, risking progress on the industry’s green transition.
The Euro 7 proposal risks slowing down the transition to zero-emission transport, which will enable the EU to reach its ambitious climate goals and at the same time improve air quality.
Significant levels of investment are needed to comply with the Euro 7 proposal’s unrealistic deadlines. The negative economic impact will harm the global competitiveness of the EU auto industry.
Other major economic regions are establishing an attractive investment environment for the transport industry. Instead of regulation, they are incentivising their way to zero emissions. The Euro 7 proposal comes at a time when the US is establishing a policy framework to accelerate the transition to fossil-free alternatives.
Europe needs a streamlined and holistic EU strategy that incentivises substantial investment in zero-emission transport in Europe and made in Europe.
Other major economic regions are establishing an attractive investment environment for the transport industry. Instead of regulation, they are incentivising their way to zero emissions.
