Electric vehicles are taking over from German diesel
The European automotive sector — above all the German car industry — is a bulwark of the EU’s economic might. But for how much longer? It’s becoming increasingly clear that Chinese exports pose an existential threat.
This week, Brad Setser, a senior fellow at the Council on Foreign Relations, tweeted out two charts that illustrate the astonishing speed and scale of recent developments.
So is Justin’s VW horse already on its way to the Glue Factory?
