The Greek automotive industry, a key economic sector, faces challenges in transitioning to electrification, with the Theocharakis Group highlighting historical achievements and the need for strategic vision.
The automotive industry, often called the "lung" of the European economy, represents 7% of the EU's GDP and offers over 14 million jobs. In Greece, the sector contributes around 1.7 billion euros in revenue, making it a vital part of the national economy. The Theocharakis Group, a longstanding player since 1924, has been a beacon of industrial history in the country, emphasizing its importance for Greece's economic landscape.
Mr. Stamatopoulos reflected on the golden age of the industry during the operation of the plant in Volos from 1980 to 1995, where over 170,000 vehicles were produced. This historical context underlines that Greece can play a strategic role in heavy industry when there is vision and entrepreneurial courage. However, despite this historical significance, the discussion led to a critical challenge facing the industry: the slow transition to electrification.
The pace of electrification in Greece is lagging behind expectations compared to other EU countries. While the dialogue has started regarding the shift towards electric vehicles, actual progress is slower than anticipated. The emphasis on the alternative "e-Power" solutions presents a potential path forward as the industry grapples with the realities of modern automotive demands and the need for more sustainable practices.
