The European Commission will launch an anti-subsidy investigation against Chinese automakers, which may result in higher import duties on electric vehicles.
EVs are more the just batteries and both Volkswagen and BMW have set up production lines for EVs they developed themself. That is certainly investment. However they are using batteries from other companies. They are catching up with tesla and BYD by also setting up battery factories now. It is a bit late, but maybe not too late.
They should have done it 20 years ago, but Big Oil and Big Car are besties. I live in EU and I think it’s okay to let them die. They made fun of people demanding EVs. They spread misinformation. Hindered development. Let them pay the price. However, I don’t wanna rely on China either. Public transportation should be the answer.
These two statements seem at odds…
Also volkswagen are building factories and bmw are doing partnerships or something. But yeah, they should’ve been doing that 10 years ago…
EVs are more the just batteries and both Volkswagen and BMW have set up production lines for EVs they developed themself. That is certainly investment. However they are using batteries from other companies. They are catching up with tesla and BYD by also setting up battery factories now. It is a bit late, but maybe not too late.
They should have done it 20 years ago, but Big Oil and Big Car are besties. I live in EU and I think it’s okay to let them die. They made fun of people demanding EVs. They spread misinformation. Hindered development. Let them pay the price. However, I don’t wanna rely on China either. Public transportation should be the answer.