Crack in the EU market for electric cars – 2024-04-21 14:07:35

Crack in the EU market for electric cars
 – 2024-04-21 14:07:35

Minister Nagy

Fresh back from Berlin, Economics Minister Márton Nagy declared that “the transition to electromobility has stalled.”

This is due to the fact that Hungarian export dynamics recently fell by eight points. At a forum on Wednesday evening in Debrecen, Nagy noted: “The European new car market has experienced a crash, the spread of electric cars is progressing more slowly.” This is particularly true for Germany, although the market share of electric cars in the EU has only reached 15% anyway compared to a third in China. The direct result is mass layoffs of probably 12,000 employees at Tesla, which are also said to affect the so-called gigafactory in Grünheide, Brandenburg.

In the same direction as Germany

“It is vital for our economy that the transition to electromobility succeeds as quickly as possible and that there are no setbacks along the way,” the minister stated. Germany and Hungary would pull together because their economic interests coincide. Stimulating electromobility requires appropriate infrastructure; several hundred thousand charging stations are needed across Europe. “As if Europe had forgotten how to build networks,” Nagy noted, referring to the much more efficient Chinese, with the public sector, manufacturers and consumers managing the transition hand in hand.

Politicians want to listen to the manufacturers

Still fresh from his talks in the German capital with top managers from BMW, Audi and Mercedes-Benz, the economics minister said that when designing the strategy, politicians must listen to the automobile manufacturers who accept competition with the Chinese and protective tariffs on Chinese imports rejected by the EU.

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