In an interview, the German chancellor said he believes the ban is 'wrong,' as Germany's auto giants struggle to stay competitive against Chinese electric carmakers.
The ironic thing is that all this won’t help the German car industry at all. The transition to EVs is inevitable and it is coming fast. For Germany, this means that a lot of people in so far pretty well-off regions are either going to need new jobs, or will depend on welfare - the same way as coal workers in the Ruhr area in the 1980ies, or ship builders in Bremerhaven, Glasgow and Manchester in the 90ies.
And that’s also the consequence of using a “market-driven approach”. If you want the market to take care of the clean energy transition by pricing, you accept that any companies that don’t adapt will go bust.
Merz: „I am the lobby.“ (in Palpatine‘s voice.)
The ironic thing is that all this won’t help the German car industry at all. The transition to EVs is inevitable and it is coming fast. For Germany, this means that a lot of people in so far pretty well-off regions are either going to need new jobs, or will depend on welfare - the same way as coal workers in the Ruhr area in the 1980ies, or ship builders in Bremerhaven, Glasgow and Manchester in the 90ies.
And that’s also the consequence of using a “market-driven approach”. If you want the market to take care of the clean energy transition by pricing, you accept that any companies that don’t adapt will go bust.