The European Commission is set to adopt the Industrial Accelerator Act on March 4, following weeks of internal debate and last-minute revisions, Politico reported March 3. The draft regulation sets local-content and low-carbon requirements for products benefiting from public procurement and state support in strategic sectors, including automotive, batteries, renewables, hydrogen, nuclear and semiconductors.

The plan, which comes as concern mounts in Brussels that high energy costs, regulatory burdens and heavily subsidized global competitors are weakening the European Union's industrial base, was rescheduled multiple times due to disputes within the commission as well as across member states and affected industries over its scope and "Made in Europe" provisions. Earlier drafts of the regulation included measures such as a 70% EU content threshold for EVs, carbon benchmarks for steel and aluminum, and stricter conditions on significant foreign investments in critical green industries.