Europe@feddit.orgEnglish · 17 days ago

Europe’s EV transition at risk as China outspends EU suppliers by 57%

www.clepa.eu

Europe’s EV transition at risk as China outspends EU suppliers by 57%

www.clepa.eu

schizoidman@lemmy.zip to

Europe@feddit.orgEnglish · 17 days ago

Europe’s EV transition at risk as China outspends EU suppliers by 57% | CLEPA

www.clepa.eu

Europe’s ambition to lead the global electric vehicle (EV) transition is facing a structural investment drought. New data reveals that between 2021 and 2026, investment by EU automotive suppliers remained entirely stagnant. In stark contrast, Chinese investment in the sector surged by 57%, creating an asymmetrical global playing field that threatens Europe’s industrial…

cross-posted from : https://lemmy.zip/post/65072952

Europe’s ambition to lead the global electric vehicle (EV) transition is facing a structural investment drought. New data reveals that between 2021 and 2026, investment by EU automotive suppliers remained entirely stagnant. In stark contrast, Chinese investment in the sector surged by 57%, creating an asymmetrical global playing field that threatens Europe’s industrial backbone.

On top of that, current forecasts show European battery electric vehicle (BEV) production in 2032 has been revised down from more than 10.3 million vehicles to around 8.2 million – resulting in a cumulative shortfall of roughly 10 million vehicles by 2032 compared with projections made a year earlier.

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17 days ago
EU dropped tariffs but forced China to sell their cars for higher prices. Seems like those profits will become a problem, too.

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