Volkswagen, amidst significant financial, excess production capacity and sluggish battery-electric vehicles sales, is working on a reset of its BEV business with different design and a lower-cost vehicle platform.
With talks aimed at finding an EU-China deal ongoing, industry analyst Matthias Schmidt says a solution between the two “is still possible which could be minimum pricing or a form of quotas.”
Consumer slowdown in BEV demand prompts plant closure and boosts growing calls for the U.K. government to adjust sales targets that could cost automakers billions in fines.
While the atmosphere around automakers trying to navigate a transition to battery-electric vehicles is fraught, especially with the changing of White House administrations, there are many challenges for car dealers, as well.
