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Molding Tomorrow Instead of Controlling Yesterday's Events

Renault Group's President and CEO, Luca de Meo, penned letters to European institution leaders, advocating for a robust and organized industrial policy and a unified regulatory approach to tackle the present automotive industry difficulties head-on.

Molding the Future: The Importance of Proactive Action over Retrospective Regulation
Molding the Future: The Importance of Proactive Action over Retrospective Regulation

Molding Tomorrow Instead of Controlling Yesterday's Events

The automotive industry in Europe is undergoing a significant transformation as it transitions towards zero-emission mobility. This shift is not driven by explicit advocacy for regulation from the industry itself, but rather by recent legislative proposals such as Euro 7, which aim to regulate the way to zero-emissions.

Despite facing challenges from global competitors, the European automotive industry remains a significant economic powerhouse. Key players like BMW, Mercedes-Benz (Daimler), Audi, and Volkswagen are responding to the shift by accelerating their electrification efforts and investing heavily in research and development. Newcomers like BYD, Li Auto, and Seres, backed by technology partners such as Huawei, are also making their mark, particularly in electric SUVs and luxury electric vehicles.

The industry is committed to this transition and is urging for a collaborative approach. It is emphasizing the importance of a strategic and open vision, one that focuses on the future rather than dwelling on past challenges. The industry is not explicitly advocating for incentives over regulation, but it is requesting a partnership opportunity to shape the future, not just regulate the past.

The auto industry is composed of millions of daily workers and it is urgently calling for an ambitious and structured automotive industrial policy. European policy makers have set the trajectory for this transition, and the proposed policy should rival those of other world regions. It should also safeguard and promote free trade across the globe.

The auto industry is emphasizing the need for its voice to be included in the debate about the future of the industry. It is not specifying any particular legislative proposals or policies in the current context, but it is suggesting a focus on the future and a desire to work together to achieve the objectives given. The industry's determination, transparency, and facts-based approach are key to this collaborative effort.

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