The European automotive industry faces the challenges of decarbonization, increased competition Chinese electric with China, and loss of market position due to unfair competition
The European Union is undergoing a transformation in the automotive sector
The course towards decarbonization and the abandonment of internal stockholder data combustion engines by 2035 poses challenges to the industry, which are exacerbated by external competition, especially from China. China is actively occupying the electric car market thanks to state subsidies that allow it to dump prices Chinese electric internationally.
This creates an uneven playing field for European manufacturers, who are already losing jobs, investment and competitiveness. What does the future hold for the EU and can Europe meet the challenge without compromising on its ambitions under the Green Deal ?
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China’s State Subsidies: A Tool for Global Domination
Over the past decade, China has invested billions of dollars in the development of the electric vehicle industry. In 2022, the volume of subsidies for Chinese electric car manufacturers exceeded $15 billion. This allows Chinese companies to offer electric cars 20-30% cheaper than European counterparts.
In addition China has built a large-scale infrastructure for the production and charging of electric vehicles
supporting the development of innovation in this how to make email marketing effective in 2024? field. As a result, Chinese companies such as BYD and NIO are actively exporting products to Europe, reducing the share of local manufacturers.
At the same time, the policy is causing concern in Brussels. European officials view the subsidies as a potential violation of World Trade Organization (WTO) rules and a means of unfair competition.
The European automotive industry: past mistakes and future atb directory challenges
European automakers, especially in Germany, have been hostage to their own illusions for a decade. Instead of investing in hydrogen technology and electric vehicles, companies have continued to rely on internal combustion engines.