Insights & Updates

The automotive industry is undergoing rapid transformation driven by advancements in autonomous driving, connected vehicles, software-defined architectures, and electric mobility. As these trends accelerate, they place automotive electronics and semiconductor technology at the forefront of innovation.

The Network for Sustainable Mobility* takes note of the emerging political debate on the decarbonisation of road transport and recognises with concern that the lack of technology openness in both regulations for light and heavy-duty vehicles severely constrains the choice of viable technologies to meet the CO2 reduction targets.  

The European automotive supply industry is facing its most severe job losses since the COVID-19 crisis. CLEPA research and analysis projects that roughly 86,000 jobs have been lost in the sector since 2020.

The European automotive supply industry finds itself at a critical juncture in the first six months of 2024, as they have announced 32,000 job cuts in this period alone. The sector is struggling with lower production volumes, suppressed profitability as well as the pressing need to invest in the green and digital transition. Recent announcements of postponed investments and job losses in the semiconductor and battery industries raise a concern that the timely delivery of the twin transition in the EU could slip out of reach.

CLEPA and other stakeholders of the ISP coalition have sent a letter to Commission President expressing their readiness to collaborate to support competitiveness in the European automotive and mobility sectors, and it will be essential to promote competition for all stakeholders.