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US electric-vehicle tax credits are 'wake-up call' for Europe, German carmakers say

By Jakub Krupa ( January 11, 2023, 17:00 GMT | Insight) -- The European automotive industry needs urgent EU industrial policy support or it risks losing out to US and Chinese rivals, with US clean-energy subsidies serving as a "wake-up call" for European policymakers, the German car lobby has said. Belgian Prime Minister Alexander De Croo also today described the US as being in "geopolitical competition" with Europe.The European automotive industry needs urgent EU industrial policy support or it risks losing out to US and Chinese rivals, with US clean energy subsidies serving as a "wake-up call" for European policymakers, the German car lobby has said....

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