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EU could create 1 million jobs and save up to €83 billion per year in fuel by 2030

24 June 2013

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According to a new report – Fuelling Europe’s Future: How auto innovation leads to EU jobs – released on 24 June 2013 by a consortium of transport sector stakeholders, Europe could improve its growth prospects and create 500,000 to 1.1 million net additional jobs in 2030 through innovation in the automotive sector.
In addition, increased technology to cut fuel consumption would allow the EU to reduce its dependence on foreign oil and deliver between €58 and €83 billion a year in fuel savings for the EU economy by 2030. This shift will achieve the double bonus of mitigating climate change and creating a much-needed economic stimulus.

The report was released by a consortium of transport sector stakeholders, namely: CLEPA, EAA, ECF, EURELECTRIC, EUROBAT, General Electric, IndustriAll Europe, NISSAN, RAP, SSE, T&E and ZERO. The technical analysis was conducted by Ricardo-AEA and the economic modelling by Cambridge Econometrics.
The final results of the study demonstrate the many benefits zero emission mobility could bring to the community at large, and how it goes well beyond sustainable mobility. The accelerated market penetration of electric vehicles in Europe would result in a significant step being made towards a better urban air quality, creation of new jobs and a stronger European economy.”
Olivier Paturet, General Manager Electric Vehicle Strategy, Nissan Europe.

Key findings
  • Jobs are created by increased spending on vehicle technology, but more importantly by a shift in spending away from imported fossil fuels and back towards other areas of the European economy.
  • In scenarios in which the Internal Combustion Engine is either optimised or hybridised, the yearly cost of running and replacing the EU car and van fleet is reduced by €36 billion and EU-wide employment increases by 500,000 to 660,000 in 2030. This takes account of jobs lost in the transition, such as in refining.
  • In scenarios in which Europe moves rapidly to a fleet of advanced hybrid, battery-electric and fuel-cell vehicles, EU-wide employment increases by 850,000 to 1.1 million in 2030. By 2050, jobs increase by 1.9 million to 2.3 million in all low-carbon scenarios examined.
  • The fuel bill for Europe’s car and van fleet is reduced by €58 – 83 billion in 2030 by a shift to low-carbon vehicles, and by €115 – 180 billion in 2050. (excluding taxes and duties)
  • While jobs are created and spending on oil imports is reduced in all low-carbon scenarios, CO2 is also cut by between 64% and 97% t in 2050. Air quality is significantly improved, with emissions of health-damaging particulates down by 73 – 95% by 2050.
  • Demand is reduced for a small fraction of auto sector professions, and some skill shortages also emerge during the transition. The pace of change is likely to allow time for the development of the relevant new skills in Europe, if industry, governments and academic institutions start planning now.

More details about the study

For more details about this study and findings, please look at the 12-page report attached at the end of the article.










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