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ACEA Predicts Car Sales Growth in EU Will Slow to 1%
New-car registrations in the European Union, which expanded 3% to more than 15 million units last year, will advance only 1% in 2018, ACEA predicts.
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New-car registrations in the European Union, which expanded 3% to more than 15 million units last year, will advance only 1% in 2018, ACEA predicts.
The industry’s sales recovery to near pre-financial crisis levels after a decade remains “fragile,” says PSA Group CEO Carlos Tavares, the trade group’s president this year. He points to the challenges of tougher carbon dioxide goals proposed by the European Commission and the continuing uncertainties about the U.K.’s scheduled exit from the EU in 2019.
ACEA urges that legislators and regulators take a technology-neutral approach to clean air and fuel economy rules.
Tavares agrees that policymakers should set ambitious CO2 objectives and says Europe’s auto industry is “fully committed to sustainable mobility.” But he complains that the EC’s method of calculating benchmarks for low-emission vehicles favors electric powertrains and largely ignores other options. Policies, he declares, “must be driven by results.”
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