Volvo Car Corporation

The European Union (EU) has established itself as a global leader in promoting circular economy (CE) principles, setting benchmarks in resource efficiency and industrial sustainability. However, other global economic powers, such as the United States and China, are also advancing towards circularity, emphasizing the need for Europe to maintain and enhance its competitive edge.

Volvo Cars welcomes the overall objective of the Industrial Accelerator Act (IAA) to strengthen Europes industrial base and support the development of a strong value chain in strategic sectors. In its current form, however, the proposal risks falling short of this objective, as it introduces significant complexity both for manufacturing and investments, overlapping requirements, and unclear incentives.

Volvo Cars welcomes the Commissions initiative to accelerate the decarbonization of corporate fleets and appreciates the opportunity to share its position. Reducing emissions in the transport sector is not only an environmental imperative but also a strategic driver of Europe's competitiveness.

Volvo Cars Corporation believes connected safety (via the exchange of information with other vehicles and road users) will improve overall safety on the roads. Our connected safety technology was introduced in 2016, uses Volvo Cars cloud, based on real-time data. It allows all Volvo cars to communicate with each other and alert drivers of nearby slippery road conditions and hazards.

Volvo Cars supports the objectives and overall design of the Carbon Border Adjustment Mechanism (CBAM) as a key instrument to prevent carbon leakage and to incentivise the development of robust carbon pricing systems globally. Aligning carbon costs across jurisdictions is essential to ensuring a level playing field and accelerating global decarbonisation.

The non preferential origin rules as they are written in the union customs code (UCC) are clear. The criteria are clear, the conditions are clear as are the restrictions and exceptions for both articles falling within the annexes as well as guidelines and the precedence set by the European Court of Justice in the past years.