Reviving the Automotive Industry: FIEV's Plea for Technological Neutrality
Key Ideas
- FIEV President calls for urgent action to save the struggling European automotive industry, emphasizing the need for true technological neutrality.
- The industry has faced a significant decline in vehicle production, with a 63% drop since 2002 and a 38% decrease post-Covid-19.
- FIEV advocates for a more inclusive approach to low-carbon powertrains, including hydrogen, to restore industry competitiveness and stimulate demand for electric vehicles.
- The federation highlights the importance of embracing all low-carbon technologies and calls for policy support to address challenges like high energy costs and regulatory standards.
Jean-Louis Pech, President of the French Federation of Vehicle Equipment Industries (FIEV), has raised concerns over the European automotive industry's precarious state and called for genuine technological neutrality to combat its decline. The sector in France has suffered a drastic reduction in vehicle production, prompting FIEV to push for measures to enhance industry competitiveness and protect domestic production. Amid the shift towards electrification, subcontractors are feeling the strain of decreased electric vehicle sales and rising costs. FIEV's proposal includes advocating for higher European content, support to tackle energy costs, tax reductions, and simplified regulations. While endorsing the promotion of electric vehicles, the federation stresses the importance of embracing a variety of low-carbon powertrains, such as plug-in hybrids, range extenders, and fuel-efficient options like e-fuels, second-generation biofuels, and hydrogen. Pech emphasizes the need to avoid technological dogmatism and encourages a holistic approach to address the industry's challenges. The plea for technological neutrality and diversified low-carbon solutions is essential in the current industry landscape, where adaptation and policy support are crucial for sustainability and growth.
Topics
Europe
Automotive Industry
Electric Vehicles
European Market
Fuel Efficiency
Policy Advocacy
Industry Competitiveness
Subcontractors
Low-carbon Powertrains
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