The Automobile Industry Pocket Guide by ACEA provides a comprehensive overview of the European automobile industry, including vehicle production, registration, use, and taxation, as well as employment and trade. The industry is a key contributor to Europe's economy, with a skilled workforce, high levels of investment in research and development, a significant manufacturing base, and substantial trade and tax contributions. However, the industry has been hit hard by the economic crisis, with vehicle registrations declining by a quarter since the 2007 peak. Despite this, the automotive industry is poised to meet the challenges ahead and support Europe's mission to boost industry's share of EU GDP to 20% by 2020. A robust industrial policy and supportive regulatory framework are necessary for the industry to adapt to changing demands and stimulate growth, jobs, and investment.
