Reported about 7 hours ago
The European Commission plans to introduce measures aimed at increasing electric vehicle (EV) demand and establishing local content requirements for battery manufacturing. Set to unveil its automotive action plan on March 5, the EU aims to support electric fleet electrification, encourage EV purchases, and create incentives for battery production within the Union. With a recent decline in new EV sales attributed to infrastructure and cost issues, the draft will highlight the need for enhanced European battery content standards and potential support for both local and foreign firms collaborating in the EV sector.
Source: YAHOO