Europe finances the future but protects the past

After a trip to China, the author reflects on Europe's slow innovation pace compared to Shenzhen's rapid technological integration. Shenzhen's success in electrifying its bus fleet highlights the importance of coordinated efforts, public support, and infrastructure development. The author argues that Europe possesses the knowledge and resources to innovate but struggles due to regulatory obstacles and market fragmentation. The automotive industry exemplifies this contradiction, where protectionist measures may delay necessary changes instead of fostering competitiveness. The author calls for a Europe that embraces innovation, prepares its workforce, and learns from global practices to ensure a sustainable future.