As of March 3, 2015, the European automotive market is experiencing significant transformations driven by policy initiatives, technological advancements and external economic factors. The emission standards for European Commission is set to propose measures to boost demand for electric vehicles and enforce local content requirements for battery production. These initiatives aim to assist EU automakers in electrifying their fleets and competing globally.
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Look what I think is that the automotive market in Europe is focused on the transition to electric vehicles, facing cost challenges and looking for ways to maintain competitiveness in the face of global competitors, hence the reason for this situation
Look, the European automotive market is focused on the transition to electric vehicles, looking for ways to maintain competitiveness against global competitors.
