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European auto makers are failing because they can't make EVs that the market wants. And the market doesn't want their ICE vehicles either. They over-focused on
by NotSammyHagar 2y ago
European auto makers are failing because they can't make EVs that the market wants. And the market doesn't want their ICE vehicles either. They over-focused on very expensive high end EV vehicles. That's why they are hurting, it's not because it's EVs.
European ICE vehicles are losing out in China because people there don't want to buy any more gas vehicles, at least most people are getting there. VWAG is losing marketshare in every segment that I see. It's not green power that is killing them, it's not many good cheap vehicles that are killing them - gas or EV.
- kazen44 2y agomaking a cheap EV (like the trabant/VW beetle for EV's) would be great. Gas prices in europe are no joke, and considering we are basically in a hybrid war with one of the biggest oil producers for europe, getting rid of energy dependence would be great for europe, and having cheap EV's would be key to that.
- NotSammyHagar 2y agoSo we are in agreement that cheap EVS would make sense for invigorating car sales in Europe. So why don't they do it? I think it's because they conclude they can't make any money if they make cheap EVS cuz the labor, batteries, components are too expensive or something for the lower profit per car world of cheaper vehicles. American car companies have gotten addicted to selling huge more expensive cars as a way to keep profits up.