Anfac: "The European car industry has not thrown in the towel and is on a counteroffensive"
Markus Haupt, president of Spanish manufacturers' association Anfac and of Seat-Cupra, says the European car industry "has reacted" to the arrival of Chinese brands with investments of hundreds of billions of euros in a new generation of electric cars. He calls for a "fair competition" regulatory framework with the European Commission, looser CO2 targets and sustained subsidies for electric vehicle purchases. He also urges attracting more industrial investment to Spain and making the car industry a "state project".
In 40 seconds
- Haupt says European manufacturers have reacted with investments of hundreds of billions of euros in a new generation of EVs.
- He asks the European Commission for a "fair competition" framework and looser CO2 targets given slower EV adoption.
- He advocates keeping EV purchase subsidies over time and continuing the Spain Auto 2030 plan.
Read the full story at Expansión
IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.
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