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EC adds up costs of new cars CO2 cutting plans

The European Commission has revealed figures of what it believes the cost impact will be of new carbon dioxide vehicle emission reduction targets.

The EC says it will cost €10-23bn (£6.8-£15.6bn) or €24-54 (£16-£37 ) per tonne of CO2 abated to reach the EU objective of 120g/km of CO2 by 2012.

The lower figure in each case assumes the widespread use of taxes and consumer awareness-raising to increase demand for more efficient cars. No mention is made of decreased car exports and increased imports or to some shifting of jobs and production outside the EU.

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