European car industry in crisis: Falling sales and competition from China

European car industry in crisis: Falling sales and competition from China

Slowing the production of cars with internal combustion engines down and at the same time drive the production of cars with electric engines forward – these are the goals set by the European Union and its member states. Despite subsidies for EVs introduced in some countries, sales of electric cars are crashing and the European car market is plunging into crisis.