Is Europe trying to reduce electric vehicle sales to compete with China ?

European manufacturers have started to cancel their plans to fully transition to electric vehicle (EV) production by 2030. This shift comes after China rapidly achieved its EV transformation, producing affordable and high-quality EVs, and establishing itself as the leader in the global EV market. Countries like Germany, France, and Italy have also withdrawn subsidies and tax incentives for EV consumers. Consequently, many consumers in Europe have opted for traditional or hybrid vehicles, leading to a slowdown in EV sales and market growth in the region.

The core issue lies in the inability of European and American manufacturers to produce low-cost EVs comparable to Chinese brands like BYD and MG. To bridge this gap and compete with Chinese manufacturers, European producers might be intentionally slowing down their EV transition to buy more time to adapt.