Friday, June 2, 2023

Euro 7 cost to manufacturers is estimated to be 10 times

With the electric horizon on the radar of the whole industry, the European Union does not appear to be satisfied with the reduction of emissions from the vehicle fleet. In line with the 2030 Agenda, the European Parliament wants to introduce an intermediate rule from 2025. The industry has already shown its total disapproval by calling it inconsistent. ACEA (European Association of Automobile Manufacturers) is the icing on the cake Real cost of adopting Euro 7 standard, The spending is so insane that many countries have already turned against the continental policy.

Italy is, for now, the member of Europe that has suffered the most from the ideals. Among its ranges are some well-known and prestigious manufacturers such as Ferrari, Fiat or Lamborghini. the Italian automobile industry is important and attack him through the rules This could mean a significant loss of income and jobs. Matteo Salvini The Transport Minister assured that he has the support of more countries to prevent the entry of Euro 7 in 2025.

Finally approved in December last year, Diesel vehicles must meet the same NOx particulate emission limits as gasoline vehicles., which represents a reduction of 25% compared to current rates. This means that manufacturers will have to spend a lot of money in adopting and developing technologies that reduce harmful particulate matter from combustion. Something that sounds much cheaper than said.

ACEA pegs the cost of adopting the new regulations at 4 to 10 times more expensive than the costs estimated by the EU.

EU forecasts fail. Manufacturers estimate the cost to be 10 times higher, according to a new study by the consulting firm Frontier Commission. The direct cost of gasoline cars and vans, including homologation, investment and equipment costs, will be 1,862 Euro per vehicle, European politicians estimated that the estimated cost of the entire process would be only 184 Euros per car or van. Deviation is notorious and of course, this cost will not be absorbed by the manufacturer without any return. Which is to say, it will be the buyer who will have to bear the brunt of the increase in the price of the car.

ACEA has issued an official statement clarifying that it is committed to reducing emissions from the vehicle fleet, but admits that the Euro 7 proposal is not the right way to tackle it. According to him, The environmental impact would be extremely low for the extremely high cost, If the figures are correct, the cost for a really only 25% reduction in emissions seems insane. In an industry in the process of decline and change, an increase in the price of cars will mean that many drivers will prefer to keep their older and polluting vehicles.

There is notable unease with continental executives throughout the industry. Several presidents and directors have shown their disapproval. The last one is BMW CEO Oliver Zipse: “It will not work and it is completely inexcusable.” At the moment, the European car industry is in a state obvious vulnerability, The United States has been cracking down on foreign cars and manufacturers, while China has turned all its attention to the old continent. More and more brands are entering Europe promising what the locals are unable to deliver. Stellantis CEO Carlos Tavares has already denounced that the application of the Euro 7 standard only benefits Chinese manufacturers.

Nation World News Desk
Nation World News Desk
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