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An open letter to the EU Commission from T&E, car manufacturers and cleantech industries.
On 4 March 2026 the Commission proposed the Industrial Accelerator Act (IAA), setting the ambition to lift industrial manufacturing to 20% of EU GDP by 2035 and introducing “Made in EU” requirements across public support for strategic net-zero technologies. This builds on the Net Zero Industry Act which states that by 2030, the EU’s domestic manufacturing capacity of strategic clean technologies should cover at least 40% of the EU’s annual deployment needs.
The Commission is expected to launch on July 15th the Electrification Action Plan as a response to the energy crisis triggered by the war in the Middle East and the closure of the strait of Hormuz, embarking the EU on a fast electrification of end-uses — transportation, heat, industry — to significantly reduce Europe’s exposure to future energy shocks.
This represents an enormous commercial opportunity to scale the value chains of these electrification technologies in Europe. This will only happen though if we have the right type of public support and de-risking tools where needed.
