According to a new study, the Euro 7 emission standard will cause more negative effects than benefits – Photo: VDA
The European Commission (EU) may have been overly optimistic in estimating the incremental costs of cars meeting Euro 7 emission standards. to 10 times higher than EU estimates.
More specifically, according to research by Frontier Economics, the cost of gasoline cars (cars and vans) will be 1,862 euros (47 million dong) higher and 2,629 euros (66 million euros) for diesel cars. of VND). These numbers are 10 and 5 times higher than official estimates.
Meanwhile, the cost of updating Euro 7 emission standards for trucks and buses with diesel engines is €11,707 (VND 295.2 million), four times the amount provided by the EU.
The above study estimates direct usage costs. This means that the increase in the retail price of cars to consumers could, in fact, be even greater.
In addition, with the Euro 7 engine, experts estimate that fuel consumption will increase by 3.5%. This value reflects that, over the life cycle, cars and vans will have to pay an average of more than 650 euros (16.4 million VND) in fuel costs, while long-haul trucks are 20 thousand euros (504, 3 million VND).
While Euro 7 will push car makers to be more interested in electric cars, it doesn’t guarantee they’ll make cars affordable enough for the general consumer to access. In addition, Euro 7 vehicles may consume more fuel than usual – Photo: Italia 24
Car manufacturers also have their own estimates. Last year, Volkswagen CEO Thomas Schäfer said the cost of producing Euro 7 cars could rise by 5,000 euros each. City cars and minicars will be hit the hardest.
Skoda CEO Klaus Zellmer recently commented that a car priced at €15,000 (378.3 million VND) can rise to €18,000-20,000 (454-504.3 million VND) if it wants to meet Euro standards. .
As a result, some automakers have begun phasing out small gas-powered cars to switch to more profitable electric vehicles.
ACEA said the Euro 6 standard was good enough and that Euro 7 was “not the right way” to reduce emissions because it would create extremely low environmental impact while paying extremely high prices. ACEA believes that the EU should focus on the development of electric vehicles.