Industry Group Says Euro 7 Emission Rules Will Raise Car Prices
The European Union's proposed Euro 7 emission rules for vehicles will complicate life for the auto industry and raise new car prices without bringing their intended environmental benefits. EU countries and lawmakers are due to negotiate this year the proposed legislation that would tighten limits on car emissions of pollutants, including nitrogen oxides. The European Automobile Manufacturers' Association's (ACEA) Director General Sigrid de Vries said the draft law was "a prime example" of regulation that would add complexity and uncertainty as the industry struggles with "key decisions and investments".
Source: Reuters