Industry continues to invest massively in R&D

On 6 October 2022, the European Automobile Manufacturers’ Association (ACEA) held its autumn reception with high-level participants from industry and EU policymakers. The keynote speakers highlighted the challenges for the industry as well as the way forward.

“To ensure a return to growth – with an even greater share of electric vehicle sales so climate targets can be met – we urgently need the right framework conditions to be put in place,” said ACEA President and CEO of BMW, Oliver Zipse. Furthermore, he emphasised, “these include greater resilience in Europe’s supply chains, an EU Critical Raw Materials Act that ensures strategic access to the raw materials needed for e-mobility, and an accelerated roll-out of charging infrastructure.”

“Despite the contracting market and pressure from inflation and energy costs, the automobile industry continues to invest massively in R&D and in the skills and technologies driving the green and digital transition,” explained ACEA’s new Director General, Sigrid de Vries.

It was said that the transformation can only be successfully achieved by an industry that remains competitive well into the future. EUCAR and its members are fully committed to strengthening the competitiveness of European automotive Manufacturers through strategic collaborative R&I.