This will lead to cost savings through economies of scale for automotive manufacturers. Currently they only produce relatively small volumes of electric vehicles in different world regions. The agreement is, therefore key in the context of economic recovery and general cost-sensitiveness of the industry. Taking into account that the rules for electro-mobility technologies are currently being developed on both sides of the Atlantic and Asia, the cooperation is particularly interesting as it offers a unique opportunity to develop common approaches.
European Commission Vice President Antonio Tajani, responsible for Industry and Entrepreneurship, said: "This is a crucial step towards the development and reach out of electric cars. The regulatory cooperation agreement will help to increase the market potential for this important breakthrough technology, contributing for competitiveness and a more sustainable road transport"