• Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Trending

Meta Claims Downloaded Porn at Center of AI Lawsuit Was for ‘Personal Use’

November 9, 2025

Google Issues New Gmail, Messages And Play Attacks Warning

November 9, 2025

The AI Data Center Boom Is Warping the US Economy

November 8, 2025
Facebook Twitter Instagram
  • Newsletter
  • Submit Articles
  • Privacy
  • Advertise
  • Contact
Facebook Twitter Instagram
UptownBudget
  • Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Subscribe for Alerts
UptownBudget
Home » Europe Wanted to Lead the World on EVs. Its Carmakers Can’t Keep Up
Startup

Europe Wanted to Lead the World on EVs. Its Carmakers Can’t Keep Up

adminBy adminJanuary 13, 20250 ViewsNo Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

With European EV sales and production lagging behind in comparison, a blame game has arisen between car manufacturers and policymakers. “A regulatory framework that ignores customer needs and market realities—and at the same time, is incapable of creating the necessary conditions for alternative technologies—cannot succeed,” a BMW spokesperson said in a written statement to WIRED, explaining that the company is opposed to the 2035 ban. It added that unless “charging infrastructure, availability of renewable energies and access to raw materials” are addressed, the ban will cause the “entire vehicle market” to contract.

Given that the car industry employs 13.8 million people across Europe and represents around 7 percent of the continent’s GDP, such a contraction would be economically disastrous.

Low car sales have already prompted Volkswagen to announce plans to shutter at least three factories, sparking anxiety in Germany over the country’s economic outlook. The far-right political party Alternative for Germany, which is currently second in the polls ahead of Germany’s snap general elections in February 2025, doesn’t support a combustion engine ban and has made the perceived economic cost of environmental policies a key part of its messaging.

“Let’s put it bluntly—consumers just don’t believe in e-mobility,” says Beatrix Keim, director of CAR Center for Automotive Research. “The vehicles are perceived as too expensive, people are worried about battery safety, and are also concerned about charging costs.” She believes both politicians and the industry have a role to play in changing this, both through subsidies and investments in infrastructure such as charging solutions, and also through creating cheaper vehicles. “It could be tactical pricing, discounts, rebates, or just cut the prices throughout—which of course needs to be balanced with financial profits,” she says. “But overall, they [both] need to make the public understand e-mobility better and clear up some of the myths, such as battery safety.”

In an attempt to keep their factories and technologies alive, some European carmakers have floated the idea of “clean” fuels as a means to carry on selling combustion engine cars past the 2035 deadline. Germany has been at the forefront of this, successfully campaigning in 2023 for vehicles that run on “e-fuels” to be made exempt from the ban. E-fuels, which are still in the research and development stage, are made from combining hydrogen and carbon dioxide and, according to their proponents, release significantly less emissions than gasoline.

However, not all industry experts are convinced. “E-fuels are complete nonsense,” claims Peter Mock, Europe managing director of the International Council on Clean Transport. “The efficiency of those fuels is terrible, which means the prices are very high—and they will stay high.” On top of this, he believes talk of alternative fuels is confusing for consumers—which could further harm EV sales. “EVs are simply the most efficient, the cheapest and the most convenient means of transport, and we need to communicate that,” he claims.

Of course, the 2035 ban will only apply to the countries of the European Union, while the continent’s carmakers will continue to sell globally. One solution could be a pivot to US markets, where predictions for EV sales throughout the Trump presidency are already being slashed.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Meta Claims Downloaded Porn at Center of AI Lawsuit Was for ‘Personal Use’

Startup November 9, 2025

The AI Data Center Boom Is Warping the US Economy

Startup November 8, 2025

How to Keep Subways and Trains Cool in an Ever Hotter World

Startup November 6, 2025

Donald Trump’s Truth Social Is Launching a Polymarket Competitor

Startup November 5, 2025

Meta, Google, and Microsoft Triple Down on AI Spending

Startup November 4, 2025

AI Agents Are Terrible Freelance Workers

Startup November 3, 2025
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

Meta Claims Downloaded Porn at Center of AI Lawsuit Was for ‘Personal Use’

November 9, 2025

Google Issues New Gmail, Messages And Play Attacks Warning

November 9, 2025

The AI Data Center Boom Is Warping the US Economy

November 8, 2025

Google’s Latest Special Offer For Pixel Customers

November 8, 2025

iPhone Users Warned — If You See This ‘Helpful’ Message, Do Not Reply

November 7, 2025

Latest Posts

Here’s What Gambit And Rogue Look Like In ‘Marvel Rivals’ Season 5

November 6, 2025

Donald Trump’s Truth Social Is Launching a Polymarket Competitor

November 5, 2025

Did Western Digital And Seagate Ship Fewer HDDs Last Quarter?

November 5, 2025

Meta, Google, and Microsoft Triple Down on AI Spending

November 4, 2025

Coca-Cola’s Latest Ads Fail To Make the Case For Using AI

November 4, 2025
Advertisement
Demo

UptownBudget is your one-stop website for the latest news and updates about how to start a business, follow us now to get the news that matters to you.

Facebook Twitter Instagram Pinterest YouTube
Sections
  • Growing a Business
  • Innovation
  • Leadership
  • Money & Finance
  • Starting a Business
Trending Topics
  • Branding
  • Business Ideas
  • Business Models
  • Business Plans
  • Fundraising

Subscribe to Updates

Get the latest business and startup news and updates directly to your inbox.

© 2025 UptownBudget. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.