- Economic outlook
- Energy crisis: Impact on competitiveness of EU auto sector
On 21 October 2022, Ceemet joined the whole EU automotive value chain – represented by the European Automobile Manufacturers’ Association (ACEA), the European Council for Motor Trades and Repairs (CECRA), the European Association of Automotive Suppliers (CLEPA), European Tech & Industry Employers (CEEMET) and the European Tyre and Rubber Manufacturers’ Association (ETRMA) – to express concerns that, without significant political action, it will become increasingly difficult to make the case for manufacturing and investments in the EU.
- Rising energy prices and increased production costs are putting the entire automotive ecosystem under strain.
- High inflation rates, unprecedented concerns about energy prices and supply, and lower incomes for Europeans are alarming the whole value chain, from the largest manufacturers to the smallest SMEs, as well as the aftermarket.
- The sector appreciates recent policy initiatives at the national and European levels. However, uncertainties about the implementation and effectiveness of these measures persist.
- A structured dialogue with the sector is therefore urgently needed.