Without a firm political stance from the European Commission by the close of 2024, as requested by the governments of Germany, France, Italy, and other European nations, the automotive industry could potentially lose up to €16 billion in investment capabilities.
This financial strain may arise from penalties, reduced production volumes, collaborations with foreign competitors, or the necessity to sell electric vehicles at a loss. The situation underscores the significance of the European Commission’s policy decisions on the future of the automotive sector.
