"Made in EU" Rule: Ministry of Economic Affairs Fears Rising Costs

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As a result of a planned EU regulation, the Ministry of Economic Affairs expects huge cost increases for electric cars and solar systems, for example. For e-vehicles, the expected price increase is named with a concrete sum.

berliner-sonntagsblatt.de

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The German Federal Ministry for Economic Affairs and Energy, headed by Katherina Reiche (CDU), anticipates massive cost increases for cars, batteries, and solar panels should the planned EU preferential trade rules come into effect. This is reported by the "Industry and Trade" newsletter of "Politico," citing an internal assessment from the European Industrial Policy Unit regarding the Industrial Accelerator Act (IAA). The assessment has been co…