OK, to go into some more detail: The big car makers could actually make it if their management wants to. They have invested a bit into electrical technology, though by far not enough.
Then there are companies like Bosch which have developed electrical technology since a long time. Bosch is today one of the most important suppliers of eBike drive components.
But what is the far bigger problem for industrial policy are the car companies’ suppliers, of which many are still focused on 100% combustion engines and the parts around them. They have no future. And unfortunately, they have a disproportionate economic share in entire regions.
27% of Volkswagens sales are electric. It is entirly possible to get the other 73% done in a decade. Especially given the growth of the sector.
OK, to go into some more detail: The big car makers could actually make it if their management wants to. They have invested a bit into electrical technology, though by far not enough.
Then there are companies like Bosch which have developed electrical technology since a long time. Bosch is today one of the most important suppliers of eBike drive components.
But what is the far bigger problem for industrial policy are the car companies’ suppliers, of which many are still focused on 100% combustion engines and the parts around them. They have no future. And unfortunately, they have a disproportionate economic share in entire regions.