00:00Brussels is launching an action plan to help the European automotive sector.
00:06According to the European Commission, the industry is at a critical turning point.
00:11The Commission wants to ensure that the batteries used by car manufacturers are made in Europe.
00:16They will make available 1.8 billion euros to strengthen the supply chain of raw materials for batteries.
00:24This will be in addition to the 3 billion euros that Brussels has already announced will be invested in batteries.
00:35Europe needs its own supply. That means producing them ourselves.
00:41And alongside finance, we are considering European content requirements for batteries and components that are sold here.
00:50The Clean Industrial Deal, presented by the Commission last week, also announced a new Critical Raw Materials Centre.
00:58So from 2026, it will offer automotive players access to lower-cost materials.
01:06The European Commission also aims to decarbonize the corporate car fleet, which accounts for 60% of new car registrations.
01:14They will present a legislative proposal this year.
01:18This is in addition to the plan announced on Monday by Ursula von der Leyen, the European Commission's president,
01:24to give carmakers three more years to adapt to the CO2 emission standards for new cars.
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