T-TRANS Leaflet

Case Study 1. Smart Grid: connection, charging and storage of energy

cs1-smart-grid-100The European automotive industry – vehicle manufacturers, suppliers and aftermarket – is a key sector for the European economy, providing over 12 million jobs and a positive contribution to the trade balance of around € 90 billion (in 2011), which is essential for continued European prosperity. The continuous evolution of the global automotive industry has recently accelerated. In the coming decade, important changes are expected in several areas that are likely to profoundly reshape the industry and its markets worldwide. While the European market is relatively mature, and has even decreased substantially recently, automotive markets outside the OECD countries have grown very strongly in recent years. This development is likely to continue, which will underline the economic importance of these markets for the competitiveness of the EU automotive industry.