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VW and other German car makers thought they can charge twice the price for an EV compared to equivalent EV (while also massively hiking up ICE prices in last ye
by izacus 2y ago
VW and other German car makers thought they can charge twice the price for an EV compared to equivalent EV (while also massively hiking up ICE prices in last years).
Now they're running screaming to EU to protect them against Chinese BYD and Tesla which made better, cheaper cars.
- mateo1 2y agoThat's a funny way to read the article. What it really says is that VW saw a big market in China, which is now dominated by local companies, so they're not gonna overproduce cars by building another factory. Also the free money river known as subsidies is drying out in the EU so people won't be buying that many EVs. And tesla/byd might be cheaper, but I wouldn't call them any better. That's a personal opinion of course.
- izacus 2y agoIt's not just reading the article, it's observing what is going on here in EU. VW group never sold "that many EVs" because their pricing is utterly uncompetitive. They've been selling cars like ID.4 for starting price that's more than 10.000eur over price of a Tesla.