The EESC welcomes the proposal that follows feedback received by stakeholders and Member States in the first implementation period.
The European car industry employs 2.5 million workers. Together they account for 8% of total value added in industry. Indirectly the sector provides employment for 12 million workers. European exports of cars are twice as big as imports, resulting in a large trade surplus. European assembly plants produce one out of three cars worldwide. The sector is highly innovative as it accounts for 20% of industrial research funding in Europe.