As the reality of EU and UK 'net zero' policies on authomobile manufacture and sales in the west starts to dawn on industry leaders, we see once again how China has played western leader for mugs, by paying lip service to their high minded but ultimately foolish and self destructive pledges on reducing CO2 emissions. While appearing to go along with the climate catastrophe scam and appearing to support globalist policies such as the transition to sustainable energy sources and the switch from petrol and diesel driven vehclies to battery powered forms of transport, China's government has positioned itself to control the market in battery technology while increasing its own CO2 output exponentially.
Now we see the first acknowledgement that while European car makers will not be able to compete in the Electric Vehicle market because they must buy essential raw materials from Chinese companies that also own the rival Chinese Electric Vehicle makers and will not be able to make or sell petrol and diesel powered cars because of politically motivated, virtue signalling bans on their manufacture and sale imposed by western governments.
The EU’s pledge to ban the sale of new gasoline and diesel cars and vans from 2035 poses an “imminent risk” to Europe’s car manufacturers, which are unlikely to win a looming EV price war with their Chinese competitors, BMW chairman Oliver Zipse has told the Financial Times.
“I want to send a message: I see that as an imminent risk,” Zipse said.
The executive, however, said BMW was in a better position to compete with the Chinese manufacturers, most of which are targeting buyers of cheaper and smaller electric vehicles.
Yet, “The base car market segment will either vanish or will not be done by European manufacturers,” Zipse told FT.
European Union member states in March approved an emissions regulation under which the bloc will end sales of new carbon dioxide-emitting cars and vans in 2035.
The new 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.
The landmark deal was made possible after Germany – the biggest economy, the biggest car market, and the biggest car manufacturer – sought and won an exemption for e-fuels. Germany wanted sales of new cars with internal combustion engines if they run on e-fuels to continue beyond 2035, and it got that exemption.
The slump in exports of Germany’s auto industry to China in the first quarter of 2023 could be the beginning of a new long-term trend of “strong disruption” in German-Chinese trade as China’s EV boom accelerates, researchers at the IW institute in Cologne said in a report in June.
“There appear to be strong disruptions playing out in the automotive sector, especially regarding China’s increasing importance as an exporter of electric cars,” the report’s authors wrote.
The west is committing suicide, led by leftist voters who vote with their emotions rather than engaging their brains, and are utterly incapable of using logic, reason, economics and (most importantly) physics.