EU Unveils Plan to Revive Auto Industry Facing 'Danger of Death'

The European Commission introduces measures to counter foreign competition, support electric vehicle demand, and protect 13 million industry jobs.

The European Commission announced a plan to address the challenges facing the auto industry, which employs 13 million people and is described as being 'in danger of death.'
Key measures include mandatory quotas for electric vehicles in corporate fleets, fiscal incentives, and requirements for European-made components in EVs sold within the EU.
The plan aims to boost demand for electric vehicles, which saw a market share decline in 2024, and accelerate the rollout of charging infrastructure with €570 million in funding.
Flexibility will be introduced in emissions regulations, allowing manufacturers more time to meet CO2 targets while maintaining the 2035 zero-emission vehicle goal.
The EU will support innovation through an alliance for connected and autonomous vehicles, aiming to close the gap with China and the US in critical technologies.