Skip to main content

European Commission proposal to increase research and investment in Europe’s transportation sector

The EU is launching a new plan, Research and Innovation for Europe’s Future Mobility, that aims to develop a long-term policy strategy that among other goals, is to reduce road casualties to almost zero and greenhouse gas emission from the transport sector by 60 per cent in 2050. The plan doesn’t propose any new EU funding or regulations but instead proposes an initiative to meet with Member States and other relevant stakeholder to discuss policy priorities and objectives. Speaking about the plan, Vice Pres
September 24, 2012 Read time: 2 mins
The EU is launching a new plan, Research and Innovation for Europe’s Future Mobility, that aims to develop a long-term policy strategy that among other goals, is to reduce road casualties to almost zero and greenhouse gas emission from the transport sector by 60 per cent in 2050.

The plan doesn’t propose any new EU funding or regulations but instead proposes an initiative to meet with Member States and other relevant stakeholder to discuss policy priorities and objectives.

Speaking about the plan, Vice President of the 1690 European Commission, Siim Kallas said: “This new initiative will help our transport system to develop into an even more efficient, sustainable and user-friendly system to reach our mobility goals. It will impact positively on growth and jobs in Europe.”

The transport plan joins an increasing range of ‘roadmaps’, Strategic Agendas, and other broad policy pronouncements from the Commission, that  aim to have a positive impact on growth and jobs in Europe.

It also follows on from a 2011 White Paper on Transport which laid out the vision, objectives and strategies for creating a single European transport area.

The Commission estimates that the additional investment needed to invent vehicles, equipment and vehicle-charging infrastructure to achieve the emission-reduction goals for the European transport system will cost around one trillion euros between 2010 and 2030, or about the same amount EU households spend on transport in one year.

Two main funding options have been identified. Should it be approved,  the Connecting Europe Facility (CEF) which was proposed by the Commission in 2011 to fund €50 billion worth of investment to improve Europe's transport, energy and digital networks would be the primary source as it has a proposed budget of €31.7 linked to transport. The second major source of funding linked directly to these objectives is Horizon 2020, which includes a proposed budget of €6.8 billion euros for research and innovation on "smart, green and integrated transport".

For more information on companies in this article

Related Content

  • Smart transportation market worth US$138.76 billion by 2020
    July 24, 2015
    According to a new market research report, Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Traffic Management, Smart Signalling, Multimodal Information Systems, Passenger Information Systems, Cloud Services, Business Services) - Global Forecast to 2020, published by MarketsandMarkets, the smart transportation market is set to grow from US$46.72 billion in 2015 to US$138.76 billion by 2020, growing at a CAGR of 24.3 per cent from 2015 to 2020.
  • ITF’s three-point plan to reduce road deaths
    May 24, 2018
    A three-point plan to help countries reduce road deaths and serious injuries has been unveiled at the International Transport Forum (ITF) in Leipzig, Germany. The keynote address by Prince Michael of Kent, a member of the UK’s royal family, was presented to transport ministers at a summit focused on transport safety and security. Outside of the ITF, Prince Michael is known for establishing an award scheme that recognises innovation in road safety worldwide.
  • Boston releases EV roadmap 
    December 14, 2020
    US city wants to have EV chargers in every neighbourhood by 2023
  • Natural Gas vehicle sales to increase at a healthy pace
    May 21, 2012
    Natural gas vehicles (NGVs) have been available to varying degrees since the 1970s, and earlier in some parts of the world. Despite this long history, adoption varies significantly from region to region, with NGVs used mainly for commercial vehicles in North America and parts of Western Europe and for consumer markets in parts of Asia and the Middle East. The primary growth drivers in these countries are the favorable economics of natural gas, the reduction of oil imports, the environmental benefits of lowe