this post was submitted on 04 Sep 2024
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Really, nothing to do with the massive emissions testing fraud and associated legal costs?
I would say that is largely irrelevant. Chinese EVs are so much cheaper there is no way Western producers can compete with them barring tariffs. In a level playing field Chinese companies will completely push out the Western ones in low- and mid-range market. For luxury vehicles maybe the brand recognition can save them but in a tight economy cheaper cars will attract a lot of attention.
If only they'd had years to see this coming and multiple people warning them that their EV offerings were absurdly overpriced compared to what China and Tesla were capable of producing...