'Made in Europe' battery rules could add €2,100 to electric car prices
19 Articles
19 Articles
Should Europe foreclose its car companies against Chinese competition? Or agree a kind of industrial-political ceasefire with Beijing? The Thinktank Bruegel goes to court with the current EU policy on automobiles.
EU seeks to accelerate battery production in Europe, carmakers warn of capacity shortages. The European Commission aims to accelerate battery production in Europe, but carmakers warn that the industry will not be able to meet the required deadlines. According to a study by Mobility Global, commissioned by the European Automobile Manufacturers Association (ACEA), the European battery supply chain is not yet prepared to meet the proposed requireme…
A report by the Bruegel institute claims that the EU strategy for the car industry protects manufacturers at the expense of consumers. Measures such as tariffs and local components make electric cars more expensive and slow down the transition.
The key issue, of course, is the battery.
The European car industry is in a difficult situation. Electrification, Chinese competition and stagnant consumer demand have prompted the European Union to take measures to protect the sector. But they are taking the industry down the "wrong" path. Brussels is trying to protect the European industry from foreign competition instead of making it more competitive. That is the conclusion of a report published this week by the prestigious European …
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