According to the European Automobile Manufacturers’ Association (ACEA), the European automotive sector contributes 7% towards the GDP of the European Union (EU). Across the financial year of 2022 to 2023, members of the European Small Volume Car Manufacturers Alliance (ESCA) recorded over €3 billion of turnover in this period contributing significantly to each of their respective nations’ GDP.
European (U)SVMs continue to produce and export some of the most iconic, desirable and innovative vehicles. Preserving such a key high-value manufacturing sector, in such a complex transformational stage for the automotive industry, is of paramount importance for the EU.
