Typical electric car set-up
Welcome to the EU’s plan to strong-arm its way to victory in the electric car game, in the name of imaginary climate benefits. What happens if the manufacturers all start posting heavy losses due to poor EV sales, as a result of this coercion, is not yet clear. As the article says, tens of billions of euros are at stake.
Long-awaited light-duty vehicle emission rules will hit light-duty vehicle makers working in EU member countries on January 1, and automakers will soon have to deal with the consequences, says OilPrice.com.
Vehicle manufacturers will have to sell many more hybrid and electric vehicles or pay costly fines, a situation similar to China’s rules.
For automakers with product lineups with few EV offerings, they’ll need to sell lots of conventional cars and trucks, and use the profits to pay the fines.
Industry analysts expect plug-in hybrid, battery…
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