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Draghi Report: How the automotive industry can become competitive again

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Published: September 10th, 2024,
Last updated: September 18th, 2024

An IPCEI is to help develop the small or affordable EV from EU production.

In order to become competitive again in the automotive sector, Draghi is calling for competitive costs for wages and energy. Power purchase agreements and further automation, i.e. beyond production, are recommended. An EU strategy is needed to catch up with China and the USA, where massive subsidies flow. The new industrial strategy must include R&D, raw materials, processing, components, data exchange, manufacturing and recycling. It must ensure legislation is made coherent throughout the supply chain.

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