European carmakers risk losing out to American and Chinese rivals in the global race for the future of automotive production due to the lag in the production of electric vehicles. , commented in his analytical material ag. Bloomberg.
According to the publication, European car manufacturers, including Volkswagen and Volvo, have been forced to reconsider their plans to increase production and a subsequent full transition to electric vehicles due to a drop in demand for electric cars produced by these companies.< /span>
This, from Bloomberg's point of view, is due to two reasons. First, European companies have not been able to design affordable electric vehicle models to compete with Tesla and Chinese manufacturers, and even the electric version of the traditionally cheap Fiat 500 car for the European market costs about 35,000 EUR, which is twice as much expensive as the same car with an internal combustion engine. Second, cuts in government support programs have further undermined buyer interest in European electric vehicles.
In this regard, the agency quoted Ferdinand Dudenheffer, director of CAR, an automotive research company, as saying that European carmakers are “losing price competition in Europe at an increasingly rapid pace”, while China “continues to increase its advantages in the field of electric vehicles".