EVs must be 70% made in the EU to qualify for state support, Brussels says

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Why This Matters

The European Commission proposes draft legislation requiring at least 70% of electric vehicles (EVs) to be manufactured within the EU to qualify for state support, aiming to protect the bloc's manufacturing industries.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Draft legislation on local content by European Commission seeks to protect bloc’s manufacturing industries

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Original article published by Financial Times on February 16, 2026.
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