The European car industry wants the continent's policymakers to come up with a better industrial strategy as well as a reduction in the pace of new regulations over the next five years, according to the CEO of Renault.
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00:00 The European car industry is asking policy makers for a comprehensive industrial strategy
00:07 and a reduction in the pace of new regulations over the next five years.
00:11 They say otherwise the sector will find itself in a tough competitive position globally.
00:17 The policy recommendations were part of a manifesto and road map by the European Automobile
00:21 Manufacturers Association unveiled at a press conference in Brussels.
00:26 The strategy must encompass all steps of the green and digital supply chains, according
00:30 to the organisation's president Luca Di Maio, who is also CEO of Renault.
00:36 I think we have a big idea, this is the green deal, and now we have to operationalise this
00:41 thing and we have to define, targets are defined and we have to also decide on who does what
00:48 to this thing, who takes the responsibility based on which rules.
00:53 Di Maio is particularly critical of the slow pace at which charging stations for electric
00:57 vehicles are being established across the European Union.
01:02 He says that if Europe is to keep up with China, the number of installations need to
01:06 be increased by a factor of seven to ten.
01:11 That thing cannot go completely on our shoulder, we can't do that alone as an automotive industry,
01:16 because it's like a hundred, more than a hundred years ago, if they would have asked us to
01:25 control all the distribution of oil and gas, we didn't.
01:28 Our job is to manufacture product, to develop technology, but we need to co-operate with
01:33 others to do that.
01:34 The association also came out against the heavy regulatory burdens it's facing.
01:38 Right now the sector is confronted with eight to nine EU regulations coming into force every
01:43 year until 2030, some of them conflicting.
01:46 Looking ahead to next year, the European Automobile Manufacturers Association is forecasting a
01:51 slowdown in new car sales compared to 2023, although the share of electric vehicles will
01:56 sharply increase.
01:57 (whooshing)
01:59 (whooshing)