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EU's Industrial Accelerator Act Boosts Local Production

3/4/2026

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Summary

Story summary

The European Commission is set to adopt the Industrial Accelerator Act (IAA) to boost local production in strategic sectors such as green technology and electric vehicles.
Public investments must include a minimum share of EU-made components, and EV manufacturers must source at least 70% of parts from the EU.
Foreign investors must partner with EU companies.

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Story summary

The European Commission is set to adopt the Industrial Accelerator Act (IAA) to boost local production in strategic sectors such as green technology and electric vehicles.
Public investments must include a minimum share of EU-made components, and EV manufacturers must source at least 70% of parts from the EU.
Foreign investors must partner with EU companies.