European Commission Announces Formation of Alliance to Strengthen Automotive Industry
The European Union plans to enhance its automotive sector through a new alliance focused on connected and autonomous vehicles.
The European Commission has announced the establishment of the European Alliance for Connected and Automated Vehicles, along with the Automotive Joint Undertaking (JU), which builds upon existing partnerships within the road transport sector.
This initiative, supported by the European Automobile Manufacturers Association (ACEA), aims to bolster the European automotive industry.
The ACEA has recognized that high tariffs imposed by the EU as protective measures against unfair competition represent a short-term solution that is unsustainable in the long run.
ACEA has expressed support for these initiatives as strategic instruments for enhancing competitiveness, technological sovereignty, and sustainability in the European automotive sector, fully aligning with the 'Competitiveness Compass' strategy.
The Commission plans to launch the Alliance in the near term, between 2025 and 2027, to guide policies, funding, and financing measures for connected and automated vehicles, focusing on harmonization and the development of further recommendations for implementation.
As major investors in research and innovation, automotive manufacturers and component suppliers view 2025 as a pivotal year for bold actions aimed at improving global competitiveness and closing the innovation gap.
The proposed Joint Undertaking is set to consolidate and coordinate resources from both industry and public funding across Europe for research and innovative activities in the automotive sector and throughout the value chain.
The ultimate goal is to accelerate automotive innovations, reduce time-to-market by 40 percent, enhance research and innovation capabilities for competitive automotive value chains across Europe, and foster innovations in digital technologies to improve competitiveness through artificial intelligence, systematic visual analysis (SDV), in-vehicle computing, connectivity, automation, and data-driven solutions.
Integrating sustainability, accessibility, and environmental performance throughout the value chain is also a significant focus, addressing issues related to carbon neutrality, life cycle assessment (LCA), circular economy, and resilience.
The 'Competitiveness Compass' strategy, released by the European Commission on January 29, aims to position Europe as a leader in innovation, decarbonization, and safety while enhancing its economic competitiveness.
This strategy emphasizes reducing the innovation gap, integrating decarbonization efforts, and decreasing dependency on critical areas such as raw materials and essential technologies.
The strategy outlines five factors to strengthen competitiveness across all sectors: simplification, removal of barriers in the single market, financing, skills and quality jobs, and better coordination.
The Compass includes a range of actions such as simplified legislation, pooling private and public investments, and reducing foreign dependencies in critical areas.
It emphasizes the need for coordinated policies at both the EU and national levels to ensure the achievement of the strategy's goals.
Generally, the Competitiveness Compass serves as a comprehensive strategy designed to enhance Europe's competitiveness by fostering innovation, embracing sustainability, and strengthening economic security.
This initiative, supported by the European Automobile Manufacturers Association (ACEA), aims to bolster the European automotive industry.
The ACEA has recognized that high tariffs imposed by the EU as protective measures against unfair competition represent a short-term solution that is unsustainable in the long run.
ACEA has expressed support for these initiatives as strategic instruments for enhancing competitiveness, technological sovereignty, and sustainability in the European automotive sector, fully aligning with the 'Competitiveness Compass' strategy.
The Commission plans to launch the Alliance in the near term, between 2025 and 2027, to guide policies, funding, and financing measures for connected and automated vehicles, focusing on harmonization and the development of further recommendations for implementation.
As major investors in research and innovation, automotive manufacturers and component suppliers view 2025 as a pivotal year for bold actions aimed at improving global competitiveness and closing the innovation gap.
The proposed Joint Undertaking is set to consolidate and coordinate resources from both industry and public funding across Europe for research and innovative activities in the automotive sector and throughout the value chain.
The ultimate goal is to accelerate automotive innovations, reduce time-to-market by 40 percent, enhance research and innovation capabilities for competitive automotive value chains across Europe, and foster innovations in digital technologies to improve competitiveness through artificial intelligence, systematic visual analysis (SDV), in-vehicle computing, connectivity, automation, and data-driven solutions.
Integrating sustainability, accessibility, and environmental performance throughout the value chain is also a significant focus, addressing issues related to carbon neutrality, life cycle assessment (LCA), circular economy, and resilience.
The 'Competitiveness Compass' strategy, released by the European Commission on January 29, aims to position Europe as a leader in innovation, decarbonization, and safety while enhancing its economic competitiveness.
This strategy emphasizes reducing the innovation gap, integrating decarbonization efforts, and decreasing dependency on critical areas such as raw materials and essential technologies.
The strategy outlines five factors to strengthen competitiveness across all sectors: simplification, removal of barriers in the single market, financing, skills and quality jobs, and better coordination.
The Compass includes a range of actions such as simplified legislation, pooling private and public investments, and reducing foreign dependencies in critical areas.
It emphasizes the need for coordinated policies at both the EU and national levels to ensure the achievement of the strategy's goals.
Generally, the Competitiveness Compass serves as a comprehensive strategy designed to enhance Europe's competitiveness by fostering innovation, embracing sustainability, and strengthening economic security.
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