The Ministry of Economy of the Government of Mexico presented the strategy Towards an Industrial Policy and among the points highlighted in the document is the promotion of the production of zero emission vehicles.
This industrial policy is divided into four cross-cutting areas to address the needs of the industry: innovation and technological-scientific trends; human capital formation for new trends; promotion of regional content; and sustainable and sustainable industries.
In the first action item of the Innovation and technological-scientific trends axis, the Ministry of Economy highlights the promotion of the production of zero-emission vehicles, both electric and green hydrogen, in order to boost the energy transition.
In the Sustainable and sustainable industries axis, the plan adds more action points to achieve the objective:
- To work so that by 2030, 50 percent of the cars produced in Mexico will use zero-emission technology.
- Increase production of electric vehicles for public transportation and freight transportation.
- Develop the infrastructure of electric vehicle recharging stations (electric charging stations), prioritizing the participation of Mexican companies.
- Promote the use of green hydrogen as an energy source.
The Ministry of Economy emphasizes that Mexico is the seventh largest vehicle producer in the world and that the automotive sector is the second largest exporter in terms of value, while the auto parts sector is the third largest.
He adds that in the last 10 years, employment generated by the electromobility sector in Mexico has increased by 73 percent.
Promotion of sustainable and inclusive economic development
Two of the objectives of the strategy Towards an Industrial Policy presented by the Mexican Government are to promote sustainable and inclusive economic development, prioritizing progressive actions with a gender perspective that favor social mobility, and to promote the competitiveness and productive capacity of Mexican industry by seeking its technological-scientific updating and the full use of the tools derived from the new industrial and technological revolution.
"This policy provides a clear path of action for strategic sectors with the purpose of increasing the competitiveness of the Mexican economy in the present and in the future," the document states.
The Ministry of Economy explains that it has designed this industrial policy by studying the strategies of leading countries in industrial innovation and by analyzing the particular characteristics of Mexico.
Source: Ministry of Economy
