The European Union has lacked planning for the automotive sector, especially for electric cars. This is how Mario Draghi’s position can be summarized, expressed bluntly in the document on European competitiveness that was commissioned from the former Italian Prime Minister. The expert economist analyzed various aspects of the industrial policies that have been carried out by the European Commission and with them also the automotive theme, in particular with the transition to sustainable mobility and the goal of carbon neutrality.
Mario Draghi’s position on electric cars
“The automotive sector”wrote the former President of the ECB and Italian Prime Minister in the document delivered to Ursula von Rer Leyen – is a key example of the Union’s lack of planning and the application of climate policy without industrial policy. The principle of technological neutrality has not always been applied in the automotive sector. The ambitious target of zero tailpipe emissions by 2035 will de facto lead to the elimination of vehicles with internal combustion engines and the rapid market penetration of electric vehicles. However, Europe has not followed up these ambitions with a synchronised push to convert the supply chain”.
The recipe for the European economy
A focus then also on China, considering the great danger for the European automotive sector and for the economy of the Old Continent with its low-cost electric cars: “China, by contrast, has focused on the entire EV supply chain since 2012 and, as a result, has moved faster and at scale and is now a generation ahead in EV technology in virtually every sector, while also producing at lower costs.”Mario Draghi’s recipe for trying to bring about a turning point in European industrial policies would be to have a “an industrial roadmap that takes into account horizontal convergence (i.e. the combination of electrification, digitalization and circularity) and vertical convergence (batteries, transport and charging infrastructures but also raw materials) in the automotive ecosystem value chains”.
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