©Eugene_Photo / AdobeStock

The global economy is changing rapidly, requiring decisive action to safeguard and strengthen Europe's competitiveness, prosperity, and fairness, including in relation to other global actors. The recently-proposed Automotive Industry Plan, announced on 5 March 2025, it is intended to support the European automotive sector as it deals with high manufacturing costs, the low-carbon transition, and increased competition from China.

Parliament reviews recent Commission proposals to support the EU steel and metals industries, and the EU’s approach to other energy-intensive industries.The sector, which is critical for the EU's security of supply, is facing high energy costs and unfair global competition at a time when money is needed to pay for decarbonisation.