Its not surprising that VW is closing a European Car Manufacturing Plant because: -(a) EV production's major input is electricity due to robotisation and the Ukraine war . and the sabotage of Nord Stream gas has driven up production costs to a non-competitive level
-(b) That China's Made in China 2025 featuring EV production is clicking in making China the world's biggest EV producer. Its competitive advantage via an economy of scale has meant that the US has had to bung over 100% import tariffs on Chinese import EVs in order to protect domestic US manufacturers. The EC has follower with a 37.6% import tariff but this is obviously not enough to save VW's Belgian plant!
IMO the Europeans will rely on their China based manufacturing to stay competitive as will Tesla over the next decade
