How Europe Plans to Use China's Tech to Pull Level with Its EV Rival by 2028 Europe's automotive sector has long been a symbol of its industrial might, employing over 13 million people directly and indirectly across the continent.
However, its struggles to compete with China's electric vehicle dominance have raised questions about its future viability.
Industry insiders suggest that Europe could close the cost gap with Chinese rivals by 2028 or 2029, thanks in part to the proposed Industrial Accelerator Act (IAA).