Euro 7 emissions proposal will result in a €12,000 increase in the price of diesel trucks, according to a study by Frontier Economics.
The direct cost increases would be 4 to 10 times higher than those cited by the European Commission, far greater than the €2800 additional impact estimated by the European Comission.
These estimates consist of the direct manufacturing costs only, and won’t necessarily correlate to the purchase price of a new vehicle.
“The European auto industry is committed to further reducing emissions for the benefit of the climate, environment, and health. However, the Euro 7 proposal is simply not the right way to do this, as it would have an extremely low environmental impact at an extremely high cost,” stated Sigrid de Vries, Director General of the European Automobile Manufacturers’ Association (ACEA).
“Greater environmental and health benefits will be achieved by the transition to electrification, while at the same time replacing older vehicles on EU roads with highly efficient Euro 6/VI models.”
In addition to direct costs, the study also highlighted that the Euro 7 proposal will result in increased indirect costs, such as higher fuel consumption. The findings showed at over a vehicle’s lifetime, this could increase fuel costs by 3.5% .