“The EU is in a crisis caused by low consumer demand for EVs and unfair competition from third country EV manufacturers, meaning that the EU industry will not be able to meet these reduction targets. EU industry will have little choice but to significantly cut production, which threatens millions of jobs in the EU, harms consumers, and adversely impacts the EU’s competitiveness and economic security.”
The quote above is an excerpt from a draft European Automobile Manufacturer’s Association (EAMA) document made public this week in a story by Bloomberg. The report was prepared by EAMA in preparation for formally requesting a 2-year delay in EU emissions goals set to take effect in 2025. EU EV makers say they will not be able to meet the idiotic mandate set by the EU’s authoritarian central planners, citing low consumer desire to buy the damn things and “unfair” competition from China.
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