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The European Union focuses straight on electric cars since from 2035 it will no longer be possible to buy new endothermic models. After the US was approved theInflation Reduction Act which basically allows only electric cars produced in the United States to be incentivized, for some time some European politicians have been discussing doing something similar here to protect the European automotive industry from the arrival, in particular, of brands Chinese who are offering battery-powered models on the Old Continent market.
According to Bloomberg, the French president Emmanuel Macron is trying to get the support of the German Chancellor Olaf Scholz for a new plan to help European carmakers compete with the US and China. According to reports, Paris and Berlin would agree that the European Union must do more to promote national industries.
In an interview on Wednesday on France 2 television after meeting Scholz in Paris, Macron said he was converging on the idea of ensuring that incentives are used only for European-made vehicles.
You have China and the United States protecting their industry, but Europe remains open to everyone, we need to change. France and Germany must stick together because we were too open, because many of our car manufacturers were selling a lot in China and didn’t want to close.
It is not the first time that France launches an idea on supports dedicated only to cars produced in Europe. Just a month ago, speaking of the new structure of American incentives, the French finance minister Bruno Le Maire had proposed to “repay” the United States with the same currency.
On the “problem” with the United States, in reality, we are trying to find a solution given that the European Union and the American government are in dialogue. Furthermore, agreeing on a common strategy with all individual EU countries would be very difficult, even with Germany and France to promote the agreement.
In addition to this, proposing incentive systems dedicated only to the European automotive industry could violate some existing EU rules on trade. Therefore, what Macron said seems more a provocation than a project that you really want to carry on. In any case, it seems that before returning to discuss this issue again, the result of the mediation with the American government will be awaited, which will be carried out by a specific EU-US task force.
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