New report spells horror for European carmakers in EV battle with China as Volkswagen suffers another hammer blow: “Act before it’s too late”

The study from a global consulting firm has identified a massive problem that can’t be solved with tariffs as European giants keep losing ground to China.A major new analysis from a global consultancy firm has pinpointed the huge problems that are driving Chinese carmakers’ dominance over their European rivals and warned they cannot be solved with current measures.