European Aluminum Association lists 3 measures to support European automotive industry’s recovery
Views : 254
Update time : 2020-05-21 22:47:40
The European Aluminum Association (EAA) recently listed three measures to support the recovery of the European automotive industry, which was severely impacted by the COVID-19 epidemic. The aluminum consumption in the automotive and transportation industries accounts for 36% of the entire aluminum consumer market.
The first one is the vehicle-renewal program, which aimed to stimulate the sales of the most environmentally friendly vehicles, including clean internal combustion engines (ICEs) and electric vehicles, and the EEA also recommended a scrappage premium for old vehicles.
The second was to request the European Commission and the Member States to quickly reopen vehicle certification authorities, which were closed or slowed the operation. The move was to avoid the delay in the review of new cars’ regulatory requirements.
The last one was to start the investment of charging and refueling infrastructure in order to support the demand for alternative power systems. The launch of the above investment will also help lower the risk for Europe to further cut aluminum smelting capacity.
Aluminium ADC12 non-OEM prices remain stable w-o-w amid sluggish demand
Aluminum Association outlines key policy priorities for incoming US administration and Congress
