The sector, which uses around 14 million people directly or indirectly, saw how factories are closed and appears to the possibility of a commercial war with the United States, which wobbles its economy.
The Automotive industry historically one of the strongest pillars of the European economywith a strong influence on the Employment and Gross Domestic Product (GDP) of the region. However, in recent years, he faced growing challenges that threaten his stability.
The industry, which uses around 14 million people directly or indirectly, he saw how factories are closed and appears to the possibility of a Commercial War with the United Stateswhich puts your future at risk.
He European Industrial Strategy Commissioner, Stéphane Séjournéhe warned in an interview with the AFP agency that The automotive industry is in “danger of death”. In response to this critical situation, the European Union (EU) implemented a series of measures to protect and revitalize this key sector.
The European Union announces a package of measures to strengthen the automotive industry
One of the main initiatives is the flexibility of regulations that sanction automotive companies for their EMISSION LEVELS. From this year, The EU demands a reduction in the emissions of the new vehicles sold in the block, and the companies that exceed the established limits must pay fines. However, to mitigate the economic impact of these sanctions, some large companies, such as Stellantis, Ford and Toyota, They formed strategic alliances with less polluting manufacturers, such as Teslato share your emission programs. However, companies that did not meet the electrification objectives established by 2025 will have more time to adapt to the new standards.
European Union
Courtesy of the European Union
As part of the support measures, the European Commission will propose an amendment to the regulation of the standards of CO2 for cars and trucks, which It will allow manufacturers to measure their emission performance for a period of three years (2025-2027), instead of doing so annually. This more flexible approach gives a break to companies while adapting to new environmental demands.
In addition, the EU seeks to stimulate the demand for electric vehiclesaccelerating its incorporation into business fleets and supporting local battery production. This is part of a broader strategy to ensure that the European automotive industry Be more competitive at the global level and less dependent on external suppliers, especially in relation to the production of batteries for electric vehicles.
The European Commission He also pledged to protect the unfinished competition industry, particularly from state subsidies and aid granted to electric vehicle manufacturers in China. With this in mind, commercial defense measures will be implemented to guarantee a more equitable playing field.
The president of the European Commission, Ursula von der LeyenHe stressed that the block maintains its objectives in terms of reducing emissions, but with a more “pragmatic and flexible” approach, to ensure that the Automotive industry Be sustainable, competitive and innovative. Von der Leyen He also stressed the importance of strengthening national production to avoid strategic dependencies, especially in the battery supply chain.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
