A global technology leader

The European automotive supply industry is a global technology leader, largely due to its yearly investment of more than €22 billion in innovation. For years, European automotive suppliers have registered the most patents for innovations in emissions and safety by bringing to the market an increasing diversity of products, with ever shorter development and production cycles.

The ability for industry and their associated service companies to sell their products and profit in Europe and the world forms the necessary basis for further investment, innovation, tax revenues and employment in Europe.

The European Commission’s new targets – to increase industry’s share of GDP to 20% by 2020, to reduce consumption of primary energy by 20% by 2020, to cut emissions up to 40% by 2030 – can only be achieved with the strong contribution of the automotive industry and its expertise in technologies.

75%

Each year European automotive suppliers make 75% of each of the 18 million vehicles produced

€600 billion

Total annual sales of more than €600 billion

80%

Automotive suppliers represent on average 80% of the added value of a vehicle

Fostering a competitive, smart and sustainable Europe

The automotive industry is one of the main driving forces for the European economy. Automotive suppliers and their supply chain need a business friendly and competitive environment in order to operate and produce innovative and sustainable products and services and to create growth and employment in Europe.

Enhancing the European technology leadership

Automotive suppliers play a key role in innovating and adapting the automotive industry to meet new global societal challenges and regulatory requirements. It is increasingly important to develop new technologies and systems for higher comfort, safety and environmental performance. It results in a growing diversity of products, with ever shorter development and production cycles.

Congestion costs in Europe reach €100 billion a year.

Connected cars could decrease congestion costs by up to 20%.