Repurposing Slovakia’s Automotive Industry for a New Era of Geo-Economics
EuroNews is among the media outlets sharing details about CIPE’s recent report on the Automotive Industry in Slovakia. An Op-ed by CIPE’s Consultant Soňa Muzikárová, discusses how the Central Europe’s car industry faces a critical shift towards electric vehicles (EVs) amidst fierce competition from advanced Chinese EVs. While major manufacturers are adapting, subcontractors struggle with technological demands and geopolitical uncertainties. Despite some success in attracting Chinese investment, concerns about economic dependency arise. The industry’s success hinges on developing a skilled workforce, but challenges persist due to declining education standards. Renewed commitments to education reform offer hope, but in the interim, expanding vocational training and welcoming skilled foreign workers are vital strategies.
Also see a publication in EurActive in the Slovak language.
Published Date: February 26, 2024