FOR IMMEDIATE RELEASE

May 16, 2022

OICA Announces Global Decarbonization Policy Framework(Paris, France) – The International Organization of Motor Vehicle Manufacturers(OICA) today announced a global review of road transport decarbonization –reflecting a commitment by OICA’s members to develop specific policy
recommendations to support broader efforts to achieve carbon neutrality.
OICA believes a broad look at all emission sources, including energy generation tobuild and power vehicles, is important to achieve the shared goal of decarbonization.
OICA President John Bozzella noted: “Electrification is the future of transportationand key to achieving carbon neutrality, but it is not a silver bullet for all nations. OICA
represents auto production nations in all corners of the world and recognizes theimportance of a technology neutral, multi-pronged policy approach to make progresson transportation decarbonization is required.”
OICA’s work will be guided by these principles:
Decarbonization of road transport should be flexible and structured toindividual countries.
•Technology neutrality and multiple approaches are necessary to provide
individual nations the required flexibility to account for variations in geography,socioeconomics, geopolitics and other factors.

Decarbonization of road transport requires government and industry
participation as well as investment commitments from entire ecosystem.
•From shifts in power generation, investments in new charging or refuelinginfrastructure, and the evolution of the existing supply base, the collective
success in decarbonizing road transport extends well beyond the automotive
sector.

•To be successful, all sectors working on transportation – both public andprivate – must collaborate to establish sustainable pathways to carbon
neutrality.

Bozzella, who also serves as the President and CEO of US – based Alliance forAutomotive Innovation, added: “This doesn’t mean that every nation must – or should– adopt the same strategy for carbon neutrality. Instead, the global auto industry iscommitted to unique and customized solutions with workable policies necessary toachieve a cleaner future.”About OICA:
The world association OICA was founded in 1919 and currently gathers 36 tradeassociations around the world, including all major automobile manufacturing
countries in Europe, America, Africa and Asia. OICA is the only non-governmental
car and truck manufacturers’ organization accredited to the United Nations andrepresents the technical interests of the global auto industry in international
institutions and organizations.
The OICA activities contribute to the worldwide diffusion of technology, experienceand know-how, to the benefit of all countries. OICA coordinates the global
harmonization of vehicle regulations. The member countries are committed to theimprovement of road safety and environmental protection, and they actively
contribute to the global harmonization of technical regulations and standards. OICA
also collects and publishes international statistics and coordinates the yearly
calendar of Motor shows all over the world.

For further information, please contact: Yves van der Straaten, Secretary General,+ 33 (0)1 43 59 00 13, yvanderstraaten@oica.net###2