Producing electric vehicles in Europe is more expensive than in other parts of the world, such as China and the United States, with the former "distributing increasing subsidies to manufacturers" and America where "billions of dollars in tax credits have been granted," whereas in Europe "such a program does not exist". This is the message that Luca de Meo, president of Acea (the association that brings together European car makers) and CEO of Renault, sends to Europe in a letter of plea in light of the impending elections, which will determine the future of the continent's automotive industry. A strong warning, but also the definition of a plan, which the Italian manager intends to communicate with public decision-makers and European stakeholders, along with certain ideas. In his letter, de Meo recalls how "China is distributing more and more subsidies to its manufacturers", between 110 and 160 billion euros, to remain at those granted until 2022. In the United States, "$40 billion in tax credits have been granted for the development of green production technologies," while in Europe, the head of Acea recalls, "between now and 2030, the various directorates of the Commission will introduce eight to ten new regulations per year". The document includes ideas and methods for developing a fully competitive and decarbonized European industrial strategy.
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