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.
Wdym “at risk” that battle was over 5 years ago. China is completely dominating the EV market. And their sodium battery production is making sure it stays that way.
As we can see by all the Chinese EVs on our streets. Oh, wait… they don’t exist and their market share is rediculous low.
But hey, this will totally change with all the cheap Chinese EVs… that -again… surprise- will not be cheap here after all the work they have to do to even make them compliant with minimal requirements and with all the investments still needed to build up a proper support network for repairs and maintenance. All that despite rediculous subsidies at home.
Just the VW group (full of idiots still lobbying hard to convince governments and people to keep obsolete combustion engines alive) make up nearly 1/3 of the European EV market without even trying. Chinese competitors sit at a single-digit % of marketshare combined.
The only thing China actually has a chance of winning is the information war. A few more years of keeping idiots brain-washed into clinging to obsolete bullshit while every European EVs is accompanied by an army of bots crying how bad it is while chanting “China! China! China!” might actually show results at some point. But not because of any actual Chinese accomplishment but because Europeans keep fucking themselves.
IMHO, a big part of the problem is that many EU car manufacturers are just overpriced trash. Why do I need 20,000 € extras on my BMW if I can just buy a Hyundai which has it all included? Why are there 70,000 € Mercedes vehicles which have plastic interiors? Those are my issues at least.
EU dropped tariffs but forced China to sell their cars for higher prices. Seems like those profits will become a problem, too.
