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Accelerating Transport to Zero Emissions
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Sat 19 January 2008 View all news
The costs to car makers of meeting the EC's proposed 2012 CO2 targets will be significantly lower than the industry is currently suggesting according to a new report from Moody's Investors Service, the international debt-rating firm. Moody's says the cost of complying will be between €300 and €1,000 a car compared with the €3,650 predicted by ACEA, the European car industry association.
Moody's says that car makers will benefit from economies of scale and cost sharing with suppliers by collaborating in research and development. The European Commission has suggested that it is assuming the cost of meeting the standards would be about €1,300 a car, on average.
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