[SMM PV News] EU to Unveil 'Buy European' Rules; Strict Local Content Tied to Public Funding

Published: Mar 4, 2026 16:06

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The EU is proposing the 'Industrial Accelerator Act' to counter foreign competition, particularly from China. To access public funds, strategic sectors (green tech, EVs, steel) must meet minimum local content thresholds, such as 70% EU-made components for EVs. Additionally, foreign investments over €100 million in emerging sectors (like batteries) from dominant countries holding over 40% of global capacity will face strict conditions: at least 50% EU staff, maximum 49% ownership, and mandatory tech transfer. France strongly backs the move, while Germany favors a more inclusive 'Made with Europe' approach.

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