ACEA: Automakers set the pace of the transition to electric vehicles in Europe

The big data of the automotive industry in Europe are the following:  12.6 million people – or 5.7% of the EU employed population – work in the sector. The 3.3 million jobs in automotive manufacturing represent almost 11% of EU manufacturing employment. Motor vehicles account for almost €396 billion in tax contributions in the EU15. The sector is also a key driver of knowledge and innovation, representing Europe’s largest private contributor to R&D, with more than €50 billion invested annually. The automobile industry generates a trade surplus of about €90 billion for the EU.