The region’s automakers, which haven’t had the chance to fully recover from the worst car slump in years – an economic downturn that actually nearly lasted six years – face a new threat coming from the European Union.
The threat is – of course – heading towards the financial departments, as the European Union plans to implement from 2017 new CO2 emissions testing, which would actually benefit the end user – the EU is trying to abolish the current far overstated fuel/emissions ratings. We all know – the official ratings for fuel consumption – whether city/highway or average – are more of a guideline than actual facts, as in real life conditions those ratings are nearly impossible to achieve.
The current test used – called the New European Drive Cycle (NEDC) – was introduced in the 1970s and would be replaced by the United Nations-sponsored test cycle, called World Light Vehicle Test Procedure (WLTP) – seen as more accurate.
According to industry observers, the introduction of the new test would allow better ratings, but the cost of the implementation would ultimately result in adding around 1,000 euros to the cost of a new car, which could seriously damage mass-market automakers, which today resort to heavy discounting to encourage consumers to buy new cars.
Via Automotive News Europe