"The other day I met together with a group of companies, some of the most important in Europe, and it was felt it was fundamental that there should be co-operation and integration of efforts in developing the electric vehicle," Zapatero told the European Parliament.
"If our markets don't have a regulatory framework to provide financial support, and if we don't have common standards on the technologies, then it will be difficult for Europe to take a leading role," Zapatero said.
Spain currently holds the EU presidency, a status that changes every six months on a rotating basis.
Zapatero said energy consumption in the European Union had risen 9 percent in the past decade, the EUobserver reported Thursday. "If we don't reduce it we won't be able to have any economic growth," he said.
Copyright 2010 by United Press International.
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