Europe's automakers need counter-measures not protectionism, industry says

European carmakers are localizing production of EVs in the U.S. Shown is production of the Mercedes EQS SUV in Vance, Alabama. (Mercedes-Benz)

By:

Reuters

February 08, 2023 11:05 AM

European automakers and associations urged policymakers for stronger counter-measures to boost domestic industry in response to the U.S. Inflation Reduction Act (IRA), but warned that the region should not respond with protectionism.

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