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Europe Automakers Launch Cheaper Electric Cars to Compete With China
"Several of Europe's biggest carmakers unveiled low-cost electric vehicles at the Paris Motor Show this week," reports CNBC. The automakers are "seeking to jump-start a demand slump and recapture some of the market share now held by Chinese brands." "It feels like Europe is fighting back," Julia ...
""It feels like Europe is fighting back," Julia Poliscanova, senior director for vehicles and e-mobility supply chains at the Transport & Environment campaign group, told CNBC at the Paris Motor Show. Chinese-made EVs typically cost less than half the prices seen in Europe and the U.S. last year, according to figures published by data firm JATO, underscoring the challenge for Western automakers to keep pace with Beijing... "The adoption of new technologies and new behaviors is never a linear growth story, but the end is full-electric [vehicles]," Brugal told CNBC at the Paris Motor Show.
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