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Maroc Maroc - NEWMOBILITY.NEWS - A La Une - 18/Feb 08:24

EU prepares ‘Europe first’ rules for EV subsidies

The European Commission is preparing legislation that would require electric vehicles to be assembled in the EU and source at least 70% of their components locally to qualify for state subsidies. The move could pave the way for a formal ‘Buy European’ industrial policy, recently called for by Volkswagen, Stellantis, and other European car manufacturers. The Financial Times reports that the EU Commission is drafting legislation to tie state purchase incentives for new battery-electric, hybrid, and fuel cell vehicles to the EU assembly. Continue reading at newmobility.news.

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