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Europe's CO2 cuts will threaten jobs in EU - ACEA head Mr Carlos Tavares

Auto News - Published on Wed, 06 Mar 2019

Image Source: Reuters
Reuters reported that PSA's CEO Mr Carlos Tavares, who also heads the European Automobile Manufacturers' Association (ACEA), said in an interview with Le Figaro that “The EU's plans to slash carbon dioxide emissions from vehicles and push carmakers to go electric will threaten 13 million jobs in Europe's auto industry and benefit Asia. This jeopardises the jobs of 13 million people in the industry and could destabilise some of our European societies.”

The European Parliament and EU countries struck an agreement in December to cut emissions from cars by 37.5% by 2030, compared with 2021 and by 31% from vans.

Mr Tavares welcomed Franco-German plans to boost Europe's electric car battery industry and to reduce EU carmakers' reliance on Asian rivals by building two new battery factories. However, he said that big players like Bosch have studied the project and considered it was not profitable. He said PSA had also looked into it, but the initial capital costs were huge and localising the battery industry may be difficult within current European Union regulatory constraints. He said "If European carmakers do not sell enough electric vehicles by 2020, 2025 and 2030, they will be ruined by fines. This forces us to reserve significant volumes of batteries with Asian suppliers, who are awaiting us with a big smile."

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Posted By : Sanju Moirangthem on Wed, 06 Mar 2019
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