The European Automobile Manufacturers’ Association (ACEA) has published the ‘Automobile Industry Pocket Guide 2021-2022’, which provides a clear and comprehensive overview of Europe’s automotive industry.
Updated with the latest data, this edition contains facts and figures on employment, vehicle production and sales, trade flows, the vehicle fleet, road safety, the environment, innovation and taxation. It is the reference guide for anyone interested in automotive issues and EU policies.
The Pocket Guide also reveals the dramatic impact of COVID-19 on Europe’s auto industry. While almost 13 million vehicles were made in the EU in 2020 (16.7% of global production), down 5 million units compared to 2019. Car output dropped by 23.3% during the crisis year, while EU commercial vehicle production took a 21% hit. Exports of EU-built vehicles also decreased by 15% in 2020, although still generating a €76.3 billion trade surplus for the EU.
With some 3.5 million people directly and indirectly involved in the production of vehicles across the EU, the auto industry accounts for 11.6% of all manufacturing jobs in the region. Looking at the entire automotive ecosystem, the sector provides work to 12.6 million Europeans – 6.6% of the EU’s total workforce.
Apart from ensuring that people and goods can continue to move freely throughout Europe, the 278 million vehicles on our roads are also a major source of government income, annually generating €398.4 billion in taxes for 14 major EU markets alone.
Investing €62 billion per year, and responsible for a whopping 33% of total EU spending on innovation, the automotive sector has solidified its position as one of Europe’s top investors in R&D as the ACEA works towards a carbon-neutral Europe.
The full report is available via the ACEA’s site.