EU Automakers Confirm Than EVs Are Central To Their Strategy

EU eased CO₂ regulations for automakers at the end of last year.

Almost immediately, parts of the LinkedIn community declared the EV transition dead:

OEMs will return to ICE, Europe will lose the race, and incumbents will be finished.

I argued the opposite.

The legislation did not reopen a real path back to combustion. It was a gambit - giving away something to score a bigger victory. In practice, it pushed European carmakers toward EVs.

That is exactly what is now being confirmed by a recent article in the Financial Times.

Having spent so much effort to reverse the EU regulations and getting nothing for it, Stellantis, Renault, Kia, all confirm that they are doubling down on EVs.

This gives me hope that this year we will hear more about new, cheaper EVs, new factories and battery plants opening, rather than more political haggling.