It never was realistic.*
From OilPrice, October 15:
Germany’s car manufacturing giant BMW is warning that an EU ban on the sale of gasoline and diesel cars from 2035 is “no longer realistic” amid slow EV sales as the European auto industry will see a “massive shrinking” with such a ban.
European carmakers are already struggling with their EV sales as subsidies in many countries are coming to an end and Chinese low-cost vehicle makers are gaining market share.
Last year, the EU member states approved an emissions regulation under which the bloc will end sales of new carbon dioxide-emitting cars and vans in 2035.
The rules target 55% CO2 emission reductions for new cars and 50% for new vans from 2030 to 2034 compared to 2021 levels, as well as 100% CO2 emission reductions for both new cars and vans from 2035.
Under the regulation, the European Commission will assess in 2026 the progress the EU has made in achieving the target. The Commission will decide whether the targets need to be reviewed.
But BMW’s chief executive Oliver Zipse said on Tuesday at the Paris Automotive Summit that the ban “could also threaten the European automotive industry in its heart.”
The current regulations will “with today’s assumptions, lead to a massive shrinking of the industry as a whole,” Zipse added, as carried by Bloomberg.
Electric vehicle sales in Europe have been suffering this year. Sales in Germany, for example, are plummeting as Berlin ended subsidies at the end of 2023....
Because their current business is being mandated and legislated out of existence the Western marques, barring some serious breakthroughs in small-scale hydrogen or methanol, will have to pivot to EV's.
And they won't be able to compete.
It almost appears that the gifting of the electric vehicle and solar industries to the Chinese was deliberate...
