Carmakers have warned that “Made in Europe” proposals that set local content levels for products could cause further disruption to supply chains and trigger a slowdown in the transition to electric vehicles.
Oliver Zipse, BMW’s chief executive, said that setting complex local sourcing rules was “very dangerous” because they would be “extremely cumbersome” to calculate. Europe would risk being “cut out of the [global] innovation race”, he added.
EU plans to set local sourcing targets for parts in products such as cars and solar panels have divided industry and prompted heavy lobbying over what would count as European.
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