According to Reuters, on December 14, the European Automobile Manufacturers Association (ACEA) cited a new report saying that the European electric vehicle industry could lag behind if the European Union does not have a strong industrial strategy against the backdrop of China dominating the electric vehicle ** chain and the United States providing incentives to automakers.
A new report from Ecole Polytechnique University shows that the EU faces "significant challenges" in developing the electric vehicle ** chain, highlighting the risks to the competitiveness of European electric vehicle production, while other regions' industrial strategies have high targets, ACE said.
In a statement, ACEA Director General Sigrid de Vries noted that "unlike China and the United States, the EU lacks a strong industrial strategy to underpin EV manufacturing. "According to a report by the École Polytechnique, China's overall policy covers the entire life cycle of electric vehicles from mining to **, which greatly improves competitiveness. In the U.S., for its part, ambitious sales targets have been set at the state and federal levels, and the Inflation Reduction Act (IRA) has provided significant funding to boost growth.
De Vries said that while the EU recognises that the industry is facing no small challenges and sends encouraging signals, the group tends to "put the cart before the horse" and cause some damage to key industries. De Vries also said that in order to combat climate change and power Europe's electric vehicle industry, the EU must also optimize its regulatory framework as a whole. (Gasgoo Ramy).
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*: Gasgoo.