illuminem summarizes for you the essential news of the day. Read the full piece on Euronews or enjoy below:

🗞️ Driving the news: The European Parliament debated the growing competition from Chinese electric vehicles (EVs) while MEPs clashed over the EU's Green Deal to phase out petrol and diesel cars by 2035
• Some MEPs argued that Europe's auto industry is unprepared for the EV transition due to infrastructure gaps

🔭 The context: The EU's auto sector faces increasing pressure as China leads in EV technology with cheaper and more advanced products
• European manufacturers are struggling with high energy and raw material costs, alongside upcoming 2025 emission targets that could result in heavy fines

🌍 Why it matters for the planet: Europe's shift to green mobility is crucial for reducing CO2 emissions, but debates over the best technology to achieve decarbonization could delay progress and hinder global climate efforts

⏭️ What's next: The EU will need to expand EV charging infrastructure and continue addressing Chinese competition, while navigating internal divisions on green tech and potential policy revisions

💬 One quote: “Europe cannot afford to fall behind and lose its competitive edge in this race,” - Valdis Dombrovskis, EU economy commissioner

📈 One stat: In 2023, 10.7 million cars were sold across the EU, Norway, and Iceland, with an average of 106.6g CO2 emissions per kilometer

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