The EUIPO: EUR 2.4 billion lost every year across the EU due to fake tyres and batteries

PRESS RELEASE 21 February 2018 A new report from the European Union Intellectual Property Office (EUIPO) shows that EUR 2.2 billion — corresponding to 7.5 % of all sales in the tyre sector — are lost each year due to counterfeiting across the EU. In addition, the presence of counterfeit batteries in the EU market costs legitimate industry EUR 180 million each year, which is equivalent to 1.8 % of the sector’s sales. Counterfeit batteries mostly affect the vehicle sector but are also found in the mobile phone sector. Those lost sales translate into approximately 8 400 jobs lost