June 20, 2024

Taylor Daily Press

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Car costs can be up to ten times more than expected due to the Euro 7 standard: “These additional costs will be borne by car manufacturers”

Car costs can be up to ten times more than expected due to the Euro 7 standard: “These additional costs will be borne by car manufacturers”

The Euro 7 standard will come into force for new cars from July 1, 2025. This means, among other things, that vehicles may emit less carbon dioxide since then, which means that new technological developments are required. And that costs a lot of money,” explains Alain De Jong, a GoCar journalist, in a conversation with Business AM.


Listen to the full conversation with Alain De Jong below.


the essence: Not everyone welcomes the future Euro 7 standard, which is supposed to enter into force in 2025. For example, Italian Transport Minister Matteo Salvini (Liga Nord) is against these new limit values ​​for CO2 emissions from cars. Car manufacturers warn that this can lead to a significant increase in the price of the car.

  • According to a study by Frontier Economics, commissioned by ACEA, the costs of the Euro 7 standard could be four to ten times higher than previously projected by the European Commission. “A lot of research and development is needed to make sure that the cars meet these new standards. This costs a lot of money. Producers will pass these additional costs on to the consumer,” explains de Jong.
  • He asks himself if owning a car will still be available to everyone in the future. The purpose of the Euro 7 standard is to make the vehicle fleet greener and encourage people to switch to an electric vehicle. But so far, electric cars are very expensive. Not everyone can afford such a car.
  • De Jong adds that the Euro 7 standard will make the range of vehicles much smaller. “Many brands are removing the base, cheaper models from their catalog because the profit margins are so small,” he says. As a result, they only sell the most expensive cars. You can earn more with these models, and therefore it is more profitable to develop new technologies for them.
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