Comment on Trump Is Obsessed With Oil. But Chinese Batteries Will Soon Run the World
freebee@sh.itjust.works 10 hours agoLol Volkswagen, the company that actively rigged diesel cars to pass the tests… ? Dieselgate. The German car manufacturers are hopelessly late at EV because they wanted to drain every last penny out of their ICE. The EU setback to extend ICE is after German car manufacturers lobbied… They are killing themselves in the long run, for bit more production in the short run. They saw this all coming decades ago and made wrong choices. Now they’re fucked. The Volkswagen id (EV) sales numbers are so disappointing they had to lower production and make employees stay home.
UnderpantsWeevil@lemmy.world 10 hours ago
That’s the one. They’re run by absolute pieces of corporate shit, but they do still seem to recognize the market driven writing on the wall.
The pool in Europe is a lot shallower, especially in the wake of the Russia/Ukraine war. They don’t have the same access to cheap fossil fuels that the US enjoys, so they’re being forced to pivot to EVs entirely due to their regional limitations. They’re also competing internationally in a market with a growing Global South demand. Many of these countries are undergoing electrification far faster than they’re seeing a petrochemical expansion, in no small part thanks to the high installation costs of pipelines and processing plants relative to electric grids and renewables generation.
The entire EU economy has stalled out with the war. But they’ve seen a double-digit upswing in EV sales in Latin America, Africa, and the Pacific Rim.