European Auto Industry is keen to reduce CO2 emissions

Though a lot of improvement is seen in Green Technologies in the last few years but still the European Auto Industry is concerned to reduce CO2 emissions which is a good sign.
ACEA agreements between the European automobile manufacturers have limited the CO2 emissions upto 140 g/km in 2008 and are dedicated to further reduce it upto 120 g/km by 2010.

Global warming is increasing each day and auto industry is a major sector which alarms the coming generations. The fact that Porsche inhales more toxic air than emitting it out in polluted cities like Agra (India) leaves a threat that every molecule of air that a person inhales in polluted cities is even more toxic than a Porsche exhales.

Electric vehicles, hybrid technology, plug-in hybrids and use of carbon fibers and plastics (of good strength to weight ratio) have contributed to reduce the CO2 emissions but still this is not the end. The proposal for reduction in CO2 emissions is nearly going to improve but it needs a strong strategy buildup because a large number of auto companies are still victimized by the economic crises and the policy makers need to balance out the economic and environmental priorities. Statistics show that demand for light commercial vehicles has declined by 34.4% this year due to long production time phase of these vehicles as compared to the urban passenger cars.
Hodac, Secretary General of ACEA says “The European manufacturers will further deliver significant CO2-efficiency improvements to market despite the austere economic and financial conditions”.
In short, ACEA must make such a policy that would raise employment and does not affect the economy on large scale.