New laws mandate local parts for green technology
Europe is reviving a 1980s playbook to break China's grip on the battery market, requiring green energy subsidies to be built with local components.
In the 1970s, European nations pooled their engineering might to build Airbus, blending French wings with German fuselages to challenge American dominance. Today, a similar industrial spirit is returning through the Industrial Accelerator Act. This policy requires green technologies to source up to 60% of their parts locally to qualify for government support. It is a direct response to a supply chain where China currently controls 80% of global battery production.
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