Europe's Automakers Shift Gears Towards Affordable EVs ...Middle East

OILPRICE - Economy
Europes Automakers Shift Gears Towards Affordable EVs
source : OILPRICE ( Middle East ) () 147
Despite Europe being home to some of the world’s biggest automakers, many of whom have developed several electric vehicle (EV) models, China is quickly becoming the global leader in EV manufacturing. Favourable government policies, easy access to critical minerals and battery technology, and low-cost manufacturing capabilities have spurred the development of a large EV production industry in China, and other parts of the world are struggling to compete. However, some European automakers are working to develop cheaper EVs to appeal to a market…

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