In a recent statement, Marco Stella, the CEO of DTS Spa and president of the Italian component group Anfia, expressed concerns over the European Union's decision to include gasoline engines in its upcoming subsidy program for electric and hybrid vehicles. He argues that this inclusion contradicts the essence of fostering European manufacturing. Stella emphasizes that a significant portion, 75% of components, should be sourced within Europe, which he feels is essential to protect local industries and ensure they are equipped with the necessary tools to compete against American and Chinese market pressures.

The backdrop of this discussion is the impending presentation of the EU's Industrial Accelerator Act, which mandates automakers to utilize European-made components for all new vehicles qualifying for subsidies. With competition intensifying from abroad, particularly from the U.S. and China, Stella highlights the precarious situation of European supply chains and expertise. He underscores that rebuilding lost manufacturing capabilities is nearly impossible, thereby conveying a sense of urgency for implementing protective measures that prioritize European talent and resources.

This issue raises critical implications not only for the auto industry but also for broader economic stability within Europe. As the EU grapples with balancing support for green initiatives and the realities of global competition, the decisions made in the coming months could have lasting effects on the European manufacturing landscape and its power dynamics in the global market.