this post was submitted on 21 Jan 2024
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Automotive Industry

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German car suppliers struggle to adjust to EV shift (www.ft.com)
submitted 9 months ago by [email protected] to c/[email protected]
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cross-posted from: https://lemmy.world/post/10994954

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[–] [email protected] 4 points 9 months ago

That's a funny tale, when in reality they subsidised EVs for years via discounts the producers pocketed fully anyway. And guess what happened when those subsidies were stopped 3 weeks ago... Now that the production is up they instantly lowered prices by even more than the original discounts to be competive.

But I guess those idiots simply did not understand economics and got lucky...