EU Industrial Accelerator Act Threatens Japanese EV Makers with Local-Content Rules

The EU's draft Industrial Accelerator Act would require 70% EU component content and local assembly for EVs to receive subsidies and tax incentives, directly threatening Japanese automakers' competitiveness. Japanese government and JAMA have met with EU officials to lobby against the measure, but the outcome remains uncertain. This marks a significant shift toward protectionist industrial policy in the EU, with potential ripple effects for global EV trade.