Video - “Auto industry is indispensable link in Europe’s industrial value chain” says Peter Altmaier

Peter Altmaier, German Federal Minister for Economic Affairs and Energy, explains what is needed to reboot the automotive sector according to the German Presidency of the Council of the EU.

“The automotive industry is an indispensable link in Europe’s industrial value chain and we need to make sure to preserve it for the future,” Altmaier underlines. “The sector is now facing a global drop in demand while being under pressure to undergo a difficult and cost-intensive technological transformation.”

In order to help the industry make this transition, the German EU Presidency’s priorities include expanding charging infrastructure, stimulating battery cell production in Europe and enabling the rollout of automated driving.

Altmaier: “I want to make sure that Europe continues to be a strong basis for the automotive industry and that it will become a leading international market for the mobility sector of the future.”

The Federal Minister gave this speech at the ACEA online conference ‘Putting the EU auto industry back on track post-COVID’ on Tuesday 20 October.