Increased Euro costs of efficient cars unfounded
Automakers' fears that tougher emission legislation would force up car prices appear unfounded.
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Less emissions less cost Image: Hoyasmeg |
According to the latest report from independent European 'think tank', Transport and Environment, both emissions and price have decreased despite tougher EU standards introduced in 2008. In some cases, manufacturers are within an ace of hitting their 2015 targets.
Leading the way in the fight to reduce emissions are Fiat, Toytoa and Peugeot-Citroen (PSA), at the top of the low output league table. Volvo achieved the largest fleet-wide reductions between 2009-10, although it still remains just behind bottom-of-the-table Daimler as having worst overall CO2 emissions from its vehicles.
After considerable debate and dilution, EU legislators settled for a 2015 car emissions target of 130g/km with a further milestone of 95g/km by 2020. EU Commissioners produced studies in 2001 and 2006 which stated that the targets would significantly increase car prices. However, the latest T&E report proves otherwise.
The average European car sold in 2010 was four percent more fuel efficient, with the same percentage of lower emissions, but was also two and a half percent cheaper in real terms than the previous year. Overall, the industry also achieved the 2008 240g/km milestone - albeit two years late.
For some manufacturers, the 2015 target is in sight already: Toyota requires just a single percent improvement, with PSA needing three percent and Fiat and BMW six percent adrift. Overall, the report appears to be good news for the auto industry, consumers and the environment.
