Live Updates > Live Update Details
2026-02-17 04:54:18
According to the Financial Times, the EU plans to force state-backed electric vehicle manufacturers to produce at least 70% of the components in their vehicles within the EU. The "Industrial Acceleration Act," to be released by the European Commission on February 25, aims to protect EU industry, partly by requiring public procurement tenders to consider carbon emissions. The draft legislation also stipulates that at least 25% of aluminum products used in the construction industry and 30% of plastics used in doors and windows must be manufactured in the EU to qualify for government subsidies or public sector contracts. The draft legislation further stipulates that new electric vehicles, hybrid vehicles, and fuel cell vehicles benefiting from state car purchase assistance programs or purchased or leased by public institutions must be assembled within the EU, and at least 70% of the components (excluding batteries) must be produced in the EU. It also stipulates that several key components of the car battery must originate in the EU.
