The EU's 'Made in Europe' plan worries carmakers in Turkey, Morocco, Japan and South Korea
The European Industrial Accelerator Act (IAA) proposes subsidizing only cars with 70% European components. Germany and France have agreed on a compromise for the United Kingdom and Norway, but Turkey, Morocco, Japan and South Korea risk being left out. Component suppliers, by contrast, are demanding stronger protection. The European Industrial Accelerator Act (IAA) proposes subsidizing only cars with 70% European components. Germany and France have agreed on a compromise for the UK and Norway, but Turkey, Morocco, Japan and South Korea risk being left out. Component suppliers, by contrast, are demanding stronger protection.
Otabek Yusupov