00:01Brussels is shielding its car makers when it should be helping them change, argues Bruegel, an independent research institute.
00:10The EU's recent measures, from tariffs on Chinese vehicles to proposals for local content requirements
00:16and a softer 2035 ban on new combustion engines, are setting the industry on the wrong course
00:23and could push up the cost of an electric car, the think tank argues.
00:27For instance, requiring battery cells to be made in the EU would raise their price from 50 euros to 85
00:34euros per kilowatt-hour,
00:36adding roughly 2,100 euros to a typical electric car. A low carbon steel requirement would add a further 200
00:44euros.
00:45The European car industry has been hit from several directions at once.
00:49EU car production has fallen by 19% since 2019, while European bought 2.2 million fewer new cars last
00:58year than in 2019.
01:00However, the sector still employs 14 million people across its value chain, 6% of all EU jobs.
01:07The think tank recommends equalizing tariffs between the two vehicle types and pursuing a time-limited deal with Beijing, setting
01:16export quotas for both.
01:17The goal should not be to prevent competition with the Chinese, but provide European producers with the time to catch
01:24up.
01:24The report concludes.
01:27Ipor upon this say that, to the forecasts analysis tour, we put azing Além of the Medicine, among Clean Water
01:29Productions the Champagne industry,
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