Germany’s car industry has called for a US-style green subsidy regime in Europe in order to ensure the sector’s future relevance in the region.
Hildegard Müller, president of the German car lobby VDA, on Wednesday called on both Brussels and Berlin to ensure that policies intended to protect the environment were also safeguarding the competitiveness of European industry.
“The USA has recognised what they have to do for their [country] — Germany and Europe must do the same”, she said, in reference to the US Inflation Reduction Act, which includes $369bn of subsidies for green technologies and has sparked controversy in Europe.
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