Europe plans to revive small, cheap gasoline cars

European carmakers want the EU to allow the return of small, cheap petrol cars to save the market and jobs in the manufacturing industry.

The trend of wanting to return to cheap gasoline cars

For years, the once-popular small, low-cost gasoline car segment in Europe has all but disappeared due to the trend toward electrification and increasingly stringent emissions regulations. However, European carmakers are calling on the European Union (EU) to allow them to restart this segment.

A positive signal appeared when European Commission President Ursula von der Leyen in her annual speech mentioned the 'Small Affordable Cars' initiative aimed at cooperating with industry to develop smaller, more affordable cars for consumers.

The EU is set to phase out petrol and diesel cars by 2035, which many companies fear could lead to a significant drop in sales, which could threaten profits and hundreds of thousands of manufacturing jobs. Another scenario that worries them is that the European market could be flooded with cheap cars from China, posing a direct competitive threat.

Car companies put pressure on the EU

In the coming time, the European Automobile Manufacturers Association (ACEA) will work with lawmakers to propose a proposal to allow the production and sale of low-cost gasoline models. Jean-Philippe Imparato, director of the European region of Stellantis, said this is not only the voice of his company but also the voice of many other corporations that share the same concern.

The revival of small, low-cost gasoline cars could be a stopgap measure to help the European car industry weather the difficult times before moving towards full electrification. However, the initiative is sure to be controversial as it pits economic interests against environmental goals.

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Source: https://baonghean.vn/chau-au-tinh-chuyen-hoi-sinh-xe-xang-co-nho-gia-re-10306284.html