ACEA’s FutureDriven manifesto goes on to outline the policy shifts as well as collaborative actions to take care of global challenges within the electric vehicle shift. As the pieces of the geopolitical chessboard go on to move, and with critical EU elections just around the corner, ACEA’s manifesto goes on to serve as a strategic blueprint in order to deliver sustainable mobility for one and all.
In the run-up to crucial European elections in June 2024, industries throughout the diverse backgrounds happen to be unveiling their manifestos with the likelihood of sparking the interest of Europe’s novel law makers. Partnership with Europe’s next generation of leaders has never been more significant for tackling shared issues, as they go on to hold both the pens as well as the purse strings that will go on to define the EU’s strategic direction for years to come.
Arguably, the EU election that is coming up may happen to be the most pivotal in the modern memory of Europe. The world happens to be no longer the place it was a decade ago, and Europe’s place as the top-notch player setting the pieces of the worldwide chessboard cannot be taken for granted anymore. With average Europeans growingly bearing the brunt when it comes to mounting economic insecurity as well as higher household costs, there are reports coming of an impending backlash against the green regulation at the ballot box that happen to be rising.
It is well to be noted that Europe has for long sought to be a sustainability champion, thereby setting ambitious rules with the anticipation that others would go on to follow, thereby establishing the international benchmark when it comes to regulating. This has, without a shred of doubt, had some success, with other prominent regions often being a part of Europe’s lead and also a rake of international regulations that are built on the European model ensuing.
Regulation can also be effective and, at the same time, benefit businesses, thereby strengthening and deepening the single market, which is indeed an excellent example. A Europe with more than thirty different regulations governing transport of people, goods, as well as services is unfathomable in this day as well as age. But Europe happens to require far more than a mere regulation if it wants to keep its place as a sustainability leader and also as an attractive region in order to invest in and build strategic industries.
Therefore, it is indeed time for Europe to change its tactics. There indeed happens to be so much at stake, and that the inaction could go on to cost far more than only jobs as well as lost investment. It is worth noting that the future when it comes to the strategic industries happens to be under serious strain as other major players, such as the US as well as China, step up their gameplay. One must do its utmost so as to combat climate change, and there is no doubt whatsoever that electric vehicles are part of the solution, however where is the industrial strategy of Europe to back up this kind of ambition?
The fact is that the unprecedented transformation away from that of the combustion engine, which is a technology Europe has gone on to lead the way with for battery-electric means a whole new assortment of value chains, which, apparently, the continent has not yet completely developed. The transition when it comes to the digital age has also gone on to bring about profound changes within the manufacturers’ business models, and at the same time, one is faced with severe global competition, along with the rising costs of doing business, rising protectionism, and also a radically changing geopolitical spectrum.
It is well to be noted that European automakers happen to be constructive players who go on to offer solutions to challenges within the societies. The manifesto pertaining to this is not just about shaping the regulation, which of course plays a crucial role, but it also lays out the actions so as to build sustainable mobility for all Europeans from every walk of life while at the same time maintaining global competitiveness. That is why there is a collective roadmap that is considered with an action plan so as to co-shape the future of mobility together with their partners, such as policy makers and customers.
Apparently, it is not always so evident for everyone that their industry happens to be so intertwined within the fabric of European society. Whether one is a daily commuter who goes on to rely on a car or bus to get people or their family to work or school or one of Europe’s major SMEs depending on trucks as well as vans to receive or deliver essential goods or services, the vehicles one produces have it covered. The auto industry also goes on to spur economic activity throughout multiple value chain steps, pushing for growth and safeguarding employment while at the same time boosting Europe’s trade surplus. It is a reality that may as well have come to be kind of taken for granted across Europe, however not by China and the US, who have gone on to understand the strategic significance of their domestic auto sectors and who go on to act accordingly.
European automakers happen to be conscious of their societal responsibility, but the issue now is to make road transport as well as industrial activity even more sustainable along with being competitive. The fact is that Europe’s future law makers should not lose sight of the basic importance of the industry, which goes on to underpin so much of what sustains their livelihoods and also goes on to keep their economy on the go. With steep and fierce competition from China as well as the US ramping up, the manifesto goes on to provide a blueprint in order to keep Europe headstrong in its fight against the effects of climate change while at the same time helping one of its most vital sectors to thrive.
