It this point I’m not sure what will happen. They might announce something which actually changes nothing (there never was a ban after all) or could throw the automotive industry into an even greater chaos than they already are.
I would not be surprised, if this was just meant to get subsidies for EVs. The none Chinese competition outside the EU is mostly pretty weak. Hyundai is doing well, but the Japanese do not have good EVs and the Americans only Tesla. In China the EV market is a blood bath. The companies surviving that will be strong, but who cares if the competition is called BYD or Toyota.
Oh and most of the chaos is getting rid of combustion engine related stuff. It seems stupid to me to close those factories now, when you expect the market to be open until 2040.
It this point I’m not sure what will happen. They might announce something which actually changes nothing (there never was a ban after all) or could throw the automotive industry into an even greater chaos than they already are.
I would not be surprised, if this was just meant to get subsidies for EVs. The none Chinese competition outside the EU is mostly pretty weak. Hyundai is doing well, but the Japanese do not have good EVs and the Americans only Tesla. In China the EV market is a blood bath. The companies surviving that will be strong, but who cares if the competition is called BYD or Toyota.
Oh and most of the chaos is getting rid of combustion engine related stuff. It seems stupid to me to close those factories now, when you expect the market to be open until 2040.