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The Business Timesbusinesstimes.com.sg

Europe’s top carmakers urge simple ‘Made in Europe’ rules (opens original article in a new tab)

TL;DR

European automakers Volkswagen, Stellantis, and Renault are pushing the EU to implement a 'Made in Europe' rule requiring 70% of vehicle value to be sourced locally, citing competitiveness issues and calling for policy support to strengthen local production.

  • Europe's top carmakers urge EU to adopt 'Made in Europe' rule requiring 70% of vehicle value sourced within bloc
  • Automakers cite competitiveness challenges due to technology gaps, high costs, and weak demand, calling for policy support and incentives
  • Companies seek targeted support for battery production and regulatory flexibility to boost local EV manufacturing and affordability

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