The end of the internal-combustion car: Why competition is vital to bringing about cleaner transport

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A competitiveness plan that focuses on the acceleration of the green transformation.

In the midst of all the political back and forth, it is easy to wonder if Europe has made any progress in the green transition. The European Union (EU), with its pro-transition and procrastinating faces, is like Janus. A pro-competition side contrasts with a protective side. Such contradictions lead to a loss in credibility and delay of the ecological transition.

Lead to maintain

The EU was on its way to becoming a global leader in this transition with its dynamic eco-system of green businesses, supported by "European Climate Bank" as the EIB calls itself. By channeling the vast bulk of its funds towards the transition, it will go beyond the already impressive level of 60% achieved in 2022.

The International Energy Agency (IEA) ranked the United States as number one in January of last year.
hydrogen bank
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Who are attracted by the green policies of the EU and its regulatory power. The CBAM, which will place a carbon tax on imports from non-EU nations entering the European Single Market from this fall: This is an excellent example of how you can take into consideration negative environmental impacts and still respect competition through the use of a price signal. Above 100 Euros suggests it will be highly effective.

On such measures in 2022, a record high.

We must set and adhere to clear and consistent targets to give investors and businesses the confidence that the EU will not go backwards. To ensure that players can challenge markets, trigger competition, and attract private investment, it is important to set expectations that are anchored on a specific and fixed horizon. Avoiding the "tragic horizon"

The profits from the joint venture between Geely and the Chinese automaker Horse will be used to support Power.

Stellantis, the parent company of Chrysler, as well as European brands like Peugeot, Citroen Fiat, and Alfa Romeo, has also positioned itself as a premium player in the clean car market. This is alongside players such as Tesla from the US, and TotalEnergies of France, who are equipping their service station network with charging stations. These moves show the crucial role that competition plays in the development of a wide range of products, services and technologies in line with the demands of the energy transformation.

Allow new players to join, or withdraw at their convenience. This will foster competition and innovation. This virtuous cycle is crucial to overcome the technological frontier, which is the most advanced research level at any given time. Quality of service and lower price to benefit demand. Greater returns on innovation, scale and attraction to scarce resources for the benefit supply.

The more it falls behind its competitors, the further it will be pushed back. The movement of people, goods, capital and services is essential to attract capital and infrastructure for the transition.

The EU needs to remain steadfast in its commitments, and be faithful to the principles of competition. This will help accelerate the transformation and spread with affordable solutions. Under a Creative Commons License. Copyright applies to this document. Aside from fair dealing in the interest of private study or for research, it is prohibited to reproduce any part without written permission. This content is only provided as a source of information.