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EU Will Spend $105 Billion To Keep EV, Clean-Energy Plans On Course

  • The European Union has announced a $105 billion deal to accelerate electrification and decarbonization.
  • The funds will be used to re-industrialize Europe, making industries greener and more productive.
  • The EU aims to invest in the clean tech sector, including electric vehicle development and manufacturing, to increase productivity and decarbonization.
  • The goal is to reduce carbon emissions by 25% in the next decade, despite efforts to expand the EU's manufacturing capabilities.

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