![Mathilde Carlier](https://cdn.statcdn.com/static/../CMS/contactperson/ERI2785_1713774293.png)
Value added of the motor vehicle manufacturing industry in the EU-27 2014-2020
The value-added at factor cost in the European Union's motor vehicle, trailer, and semi-trailer sector decreased to nearly 172.8 billion euros in 2020 amid the COVID-19 pandemic. According to the source, factor cost refers to gross income from operating activities after adjusting for operating subsidies and indirect taxes.