the car market is already saturated. There are few new customers and they are not in western Europe.
China used to be a very big car customers for for EU producers but that market is now practically dead because of EVs. There has to be brutal reduction in capacity. No way around it.
European EV manufacturers can't compete against Chinese EVs, especially on price even at 100% tariff, nor on technology, if you look at recall statistics on EVs. They like their Japanese counterparts, bury their head in the sand. Instead of 'if you can't beat them, join them', they would rather ask their governments to prolong petrol and diesel cars and continue to park unsold cars until they are forced to shut down the production lines.
Jaguar Will Buy Back Almost 3000 I-Pace EVs Due to Fire Risk
China used to be a very big car customers for for EU producers but that market is now practically dead because of EVs. There has to be brutal reduction in capacity. No way around it.
European EV manufacturers can't compete against Chinese EVs, especially on price even at 100% tariff, nor on technology, if you look at recall statistics on EVs. They like their Japanese counterparts, bury their head in the sand. Instead of 'if you can't beat them, join them', they would rather ask their governments to prolong petrol and diesel cars and continue to park unsold cars until they are forced to shut down the production lines.
Jaguar Will Buy Back Almost 3000 I-Pace EVs Due to Fire Risk