EC publishes guidelines towards a common framework on financial incentives for promoting low carbon vehicles
Mon 01 April 2013
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The European Commission has published new guidelines on how member states should use financial incentives to best increase demand for low carbon vehicles. Currently, rules on financial incentives differ across the EU but, the Commission says, a common framework could help facilitate the assembly of larger quantities of such vehicles, prompting lower prices for consumers.
A Commission press release says that incentives can be useful instruments to foster the low carbon producing vehicle industry, but they can also create trade distortions. To address this issue, mandatory principles under the guidelines include non-discrimination with regard to the origin of the vehicle, the respect of EU state aid and procurement rules, and building on best practices in this domain. Member states must consider these principles in order not to violate the EU Treaty provisions, while other principles are recommended.
The European Commission Vice-President Antonio Tajani, responsible for Industry and Entrepreneurship, said: "The Commission has long supported the development of clean and energy efficient vehicles. These guidelines, and the common framework proposed for financial incentives, will simultaneously help reduce CO2 emissions and increase demand for clean cars. Financial incentives from member states are very powerful instruments to foster their market penetration. But to ensure a level playing field for business and have a significant effect on the market, we need a common framework."
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