How China's electric vehicle juggernaut is reshaping the global car market
To help European carmakers compete with China's EV behemoth, ACEA's de Vries said a leveling of the policy playing field would make a meaningful difference.
"We have to realize that some of that leveling of the ground, speaking for the EU, could be realized on their own terms. It's the regulatory framework, driving cost, stifling innovation rather than unleashing entrepreneurial spirit," de Vries said.
ACEA's de Vries added that while Europe won't be able to substantially influence China or the U.S., the bloc's regulatory framework could be adjusted to "try and create the best possible environment for doing business in Europe."
The European Commission, the EU's executive arm, did not respond to a CNBC request for comment.
