European automakers are gearing up against a potential trade war initiated by President Trump while contending with stringent EU regulations on carbon emissions. The new EU rules impose penalties for failing to meet emission targets, forcing manufacturers to increase zero-emission vehicle production or purchase credits from rivals like Tesla and Chinese companies. Amid dwindling demand for electric vehicles, automakers, backed by politicians, are urging relief due to fears of factory closures and job losses. The situation is further complicated by Elon Musk's outspoken criticism of EU tariffs.
European automakers are facing a dual threat from potential U.S. trade wars and strict EU carbon emissions regulations that could force them to purchase credits from rivals.
With softer demand for electric cars and pressures from China, industry leaders are lobbying for relief from harsh regulations, intensifying competition and job fears.
Collection
[
|
...
]