In a public letter ahead of the European Parliament elections on June 6-9, De Meo warns of growing signs of vulnerability, advocating for swift action.

As both Renault Group CEO and president of the automotive lobby ACEA, De Meo's letter, issued in multiple languages, proposes accelerating the replacement of older vehicles with newer, cleaner ones through a "Marshall Plan" fund spanning the next decade. 

This fund, based on each country's capacities, coupled with new EV incentives, could significantly reduce CO2 emissions by 2030, potentially reaching 1 million tons.

The automotive sector in Europe faces multifaceted challenges, including the transition to software-defined vehicles, increasing regulations, the imperative to invest in new technologies, fluctuating prices of raw materials like lithium, and the necessity for workforce reskilling to mitigate unemployment risks.