EU Has to Approve More Stringent CO2 Emissions to Keep Driving Affordable image

The body representing European consumers said that the increasing oil prices will make driving vehicles less affordable if the EU doesn’t apply more stringent CO2 emissions standards.

Tuesday, March 26th, the European Parliament will hold the next series of committee votes on proposals for the 2020 vehicle CO2 emissions standards, aimed at cutting fuel use and greenhouse gas emissions. A decision on this law is expected to be made by the end of June. The European consumer organization BEUC urges the EU to set the CO2 emissions limit for new vehicles at 70 g/km for 2025, besides the 95 g/km goal set for 2020.

“Spikes in fuel prices cause immediate and financial pain for many consumers. A target for 2025 would therefore make consumers less vulnerable towards significant increases in fuel prices,” Monique Goyens, director general of BEUC, said.

A recent survey shows that consumers in the EU are worried mainly about the fuel costs, which have increased across Europe from 1 euro per liter for petrol to 1.6 euro and from 93 cents for diesel to 1.5 euro between 2005 and 2013. Although with the use of new technologies automakers manufacture cars that use less fuel, this would add to the purchase price. The Commission and academic research shows that this drawback would be offset in about three years by fuel savings.