EU Competitiveness Ministers Discuss EVs, AI in Budapest



European Union competitiveness ministers addressed the electromobility transition and the impact of artificial intelligence on European competitiveness at an informal meeting in Budapest on Tuesday, according to a report by state news wire MTI.

At a press conference during a break at the meeting, held in the framework of Hungary's presidency of the Council of the EU, National Economy Minister Márton Nagy said the ministers had discussed how to accelerate the process of EV adoption before the ban on production of internal combustion engines came into force in 2035. He pointed to the need for stronger cooperation and coordination as well as the need for a common roadmap to advance penetration.

He said the delegates at the meeting were in agreement on the need for an expansion of charging infrastructure. He acknowledged that approaches to subsidies for EVs varied among member states and called for common demand- and supply-side support at the EU level.

A goal of Hungary's EU presidency is to "mitigate fragmentation", he said.

Fielding questions, Nagy said that Hungary was "very against" EU tariffs on some Chinese EV manufacturers. "Protectionism is not the solution, we need more competition," he added.

Illustrating the point, he said that European battery manufacturers couldn't match the scale, cost or efficiency of their competitors from South Korea or China.

He added that the localization of China's EV makers had started well before the announcement of the tariffs. 

He noted that a vote on whether or not to make the tariffs permanent would be taken at the end of October or early November.

He said concrete proposals, drafted with the input of industry insiders and decision-makers, would be published on Wednesday.

He thanked the delegates at the meeting for their "highly appreciated" input.

Number of Doctors per 10,000 Inhabitants Reaches 44 Figures

Number of Doctors per 10,000 Inhabitants Reaches 44

Viktor Orbán Visits Donald Trump in Florida Int’l Relations

Viktor Orbán Visits Donald Trump in Florida

Hungarian Unis Advance in QS Ranking Science

Hungarian Unis Advance in QS Ranking

White Party at The Duchess Coming This Weekend Drinks

White Party at The Duchess Coming This Weekend


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.