‘It’s stupid’: why western carmakers’ retreat from electric risks dooming them to irrelevance. Iran war should be wake-up call about costs of not going full throttle towards EVs as China has done. “That is a stupid view if you still want to be in the car market in 2035.”
https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china
Posted by mafco
4 Comments
Perfect reason for Democratsin 2027 to subsidize green energy, EVs, and charging stations. Take a mile when they give an inch.
In Australia the Chinese brand EV dealerships are pumping. Long queues to test drive. 2 – 3 sets of people examining the same car simultaneously.
The market does not want them in large enough quantities in the US to justify massive investment in the manufacturing of them
Short term profits, they need no new investments to continue building older non EV models