Overview
- In a strategic dialogue in Brussels, industry and EU leaders reported no agreement on changing the 2035 phaseout of new combustion‑engine car sales or on the role of synthetic fuels.
- Executive Vice President Stéphane Séjourné told automakers the Commission intends to create a regulatory category for ultra‑compact electric cars priced around €15,000, with provisions reflected in CO2 standards.
- The plan includes European preference and local‑content requirements for batteries and components under an Industrial Accelerator law, plus conditions on foreign investment, particularly from Chinese firms.
- The discussions follow Ursula von der Leyen’s launch of the Small Affordable Cars initiative and the announcement of a forthcoming review of the 2035 rule guided by technological neutrality.
- Automakers pressed for demand support, with Stellantis CEO Antonio Filosa urging EU 'super incentives' and fleet renewal measures; Stellantis shares rose about 9% after his remarks.