"The world's biggest automotive markets are in fight-or-flight mode right now. While China is pushing forward with EVs, the U.S. has all but pulled federal support for them. And then there's Europe, which is caught in the center of a global tug-of-war between outright banning gas cars and admitting defeat to the Chinese EV market and silently letting it take hold. It's all coming to a headvery soon."
"Several European automakers and their suppliers are preparing to give cars with a combustion engine a new lease on life, based on expectations that the European Union will walk back its planned ban of the technology, according to people familiar with the matter. Parts makers are hearing from automakers that they should be ready to move forward with non-EV models for Europe beyond the EU's 2035 deadline, the people said, declining to be named because the ta"
China is accelerating electric-vehicle adoption while U.S. federal support for EVs has largely disappeared. Europe faces a policy split between upholding a planned 2035 ban on new gas and diesel cars and rolling it back. Several automakers and parts suppliers are preparing for continued production of combustion-engine vehicles beyond 2035 and are nudging suppliers to keep supply chains capable of non-EV models. Weakening the EU mandate would widen the competitive gap with China, critics warn. EV sales in the U.S. are slowing after the tax credit expired. Uber is reducing EV incentives for drivers. These developments will shape global automotive competitiveness and market structure soon.
Read at insideevs.com
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