BRUSSELS (Reuters) - European Commission proposals to enforce tighter CO2 standards for new cars strike the right balance between ambition and cost, the head of European car part suppliers' association said, arguing against tougher goals for now.
Jean-Marc Gales, CEO of CLEPA, the European Association of Automotive Suppliers, said the plans for a binding 2020 target to limit emissions to 95 grams per kilometer would add around 1,000 euros ($1,200) to the price of car and that would be quickly paid off through savings in fuel consumption.