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How Electric Vehicles Can Help Europe’s Economy

Europe will gain up to a million new jobs and reduce its dependence on foreign oil by supporting “green” technologies for cars and vans, and then building its own fleets of high efficiency, hybrid and electric vehicles, says a new report.

Far from it being too costly to embark on developing low-carbon vehicle options during an economic crisis, a consortium of companies contends that adopting the new technologies can only increase jobs, economic activity and wealth − as well as improving air quality and health.

The report, Fuelling Europe’s Future, was produced by Cambridge Econometrics − along with other independent energy and climate change consultancies − following a research project commissioned by theEuropean Climate Foundation to assess the economic impact of decarbonising cars and vans.
Wide support

Perhaps the most remarkable aspect of the report is that it has the wide support of some of Europe’s biggest manufacturers, along with heavyweight trade union and environment groups. Rarely do these organisations agree on the core issue of transport.
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