"European Automakers Make Bold Demand: 70% Local Content by 2030 In a surprise move, three of Europe's leading automakers have jointly called on the European Union to adopt a new rule requiring 70% of vehicles sold in the 27-country bloc to be made up of parts and components sourced from within the EU. The proposal, outlined in a letter to EU officials, would significantly boost local content in European vehicles and is seen as a major step towards reducing the region's reliance on imported automotive parts. The move is likely to be met with interest from policymakers, who have been pushing for greater self-sufficiency in the face of rising global trade tensions and supply chain disruptions. As the EU continues to grapple with the challenges of a post-Brexit world, the automakers' demand for increased local content could have far-reaching implications for the region's automotive industry."
In a joint letter to the EU, the three automakers called for 70 percent of vehicles sold in the European Union to source 70 percent of their value from within the 27-country bloc.
