The EU is considering widening its tariffs on Chinese electric vehicles to include hybrid vehicles, in an attempt to finally get an upper hand in the EV market. The move would extend the bloc’s existing anti-subsidy measures beyond battery-only models, broadening the range of cars which receive tariffs. Yet, the underlying truth is that tariffs [...]Read More...
  • Melchior@feddit.orgEnglish
    0·
    4 months ago

    The Volkswagen Group had a global decline of 0.5% compared to 2024. It is also worth noting that the US was a worse market then China for them. Mercedes-Benz is getting slaughter though, but that is to be expected, when you fail the EV transition. Stellantis is a nightmare anyway. Renault Group is actually doing pretty well, but is focused on the European market already. BMW also saw increased sales last year and they are doing pretty well with EVs.

    So the European car industry has its issues, but it is probably going to survive. However EVs have less parts then ICE cars, so jobs will be cut.