Editorial: El Mundo

• Europe needs to define a strategy for the automobile industry to face decarbonization and competition with China and the USA.
• China leads in electric technology and battery production, while the USA has massively invested in green industry and aid for the purchase of electric cars.
• This is exacerbated by high labor costs in Europe and by over-regulation, with eight to ten new rules each year.
• Circumstantial factors such as the semiconductor crisis and the war in Ukraine have exacerbated the automotive sector's crisis.
• Car registration in the EU has decreased from 13.5 million in 2019 to 9.5 million last year.
• Lagging behind in this race might entail a high economic and innovative cost, given that the sector employs 13 million Europeans and represents 8% of the GDP.

Conclusion: A plan is necessary to boost the sector that mitigates the impact of the green transition and promotes collaboration between private and public initiatives.

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