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@@JakobFischer60 ID3 and ID4 are massive sellers and they were shooting through the roof year on year until Dess was fired and continued to to shoot through the roof.
Diess tasked them with building a better car. They bickered and threw themselves on the ground crying. They've figured it out now, but failed to transition their suppliers and workforce. The best specification of the old tech only overlaps the worst specification of the new tech. What did they think was going to happen when they gave up and went backward? China doesn't want vehicles that are dogs.
I worked in fords in Essex years ago, they said then that for every person that worked in the fords factory there was 15 people working outside the factory that supported them. Even down to the people that made the sandwich’s that were selling in the smaller factories that suppliers bits to the Ford factory
What is this man talking about? Percentage of fully electric cars in Europe is between minimal and non-existent. Most people (not companies, but people) buy only USED cars in EU. Who in their right mind would buy a 3 years used electric car? This sounds like this guy is just promoting EV, not giving objective information
Can't be forced to buy if you don't have the money for it, EVs are pushed by politicians who for the most part are a lot better off than the ordinary person hence they can't see that many people can't afford even second hand EVs. If a person lives in a house or flat without a drive they would have to use public chargers which are often hellish expensive not to mention the inconvenience. Some conspiracy theorists say this is all to control the population, not to help re climate cha nge. Personally I think it is more about out of touch, clueless, incompetent politicians getting caught up in their own climate change saviour spin who have no idea of the damage they are doing to their own economies.
A country (Germany) that is proud of the time (1 year) it takes to grant an operating license for a kindergarten school is paying the price of a grossly incompetent bureaucracy.
Yes, exactly! Germany’s economy is committing suicide when on top of insane electricity prices they also sponsor EV that will need even MORE electricity! But, this Green party Talibans from Germany with their sponsorship of EVs are not just killing German economy, they are killing neighbors economy too, by sucking up all affordable electricity. This must STOP! Just like our government in Sweden said if next German government is also Green we must CUT electricity cables to Germany. If Germans want to kill their economy by EV and Green taliban we will NOT allow them to drag us with them!
Since somebody ‘disconnected’ their cheap gas supply, and forced them to buy their shipped in gas at 5 x the price instead, Germany cannot run heavy industry competitively. The real effect for this has still yet to be felt - we are just seeing the start of the collapse.
In Hollywood -I am just called the Viking, but the Electric Viking is much cooler! 💪⚡ Keep up the informative broadcasts! I was an early adopter : Roadster # 1192. Subscribed!
seeing those care making machines at work .. i can't help but be amazed at the depth of design and development needed for a huge automatic car factory.
Compare with Russia, where half the cars they build can be traced back half a century or are pretty much Renault/Dacias built under license. The chinese seem to release new models every few days, the russians once every few decades. Even in the Halcyon days of the 1960s, it was a big event when a European manufacturer debuted a new product. With the incredible & indutrious chinese, its a footnote.
Every time I see your clips of auto workers in Europe (primarily Germany, I think) I am absolutely astounded to see all that work being done manually at outrageous hourly rates. No wonder Chinese cars can be made more cheaply -- with Chinese robotics!
The West has been citing Chinese cheap slave labour that has produced high tech EV cars and many other cheap high value products. The cheap slave labours are the ones who are willing to work 24-7 at no wages. Robots.
And then you got the massive profits (in the past now) sucked out by the shareholders. The whole system has failed, from the business model right down to the assembly process.
@@NoiserToo Unlike the west, when a factory in China uses more robots and so makes more profit (less wages to pay) those profits go to the state (it's a communist country) and get dispersed into the population. In the west the shareholders get richer and the ex. workers get poorer, in China the ex. workers get to work on the next state subsidised grand adventure.
Bosch is the largest tier one supplier. Every job they reduce should also mean their suppliers will have layoffs. 10K Bosch jobs is even more for the entire supply chain.
Thanks for your continuing coverage of these seismic developments. There are additional trends that I think are real. Our family switched to 2 EVs in 2019 and have covered >200,000 km in them. Sure there have been some minor glitches, most of which were fixed by over the air upgrades or in one case re-routing of a wiring harness. But unlike with previous combustion vehicles from Audi Nissan and VW I have virtually no ongoing relationship with dealers. Other than tyres, we have not replaced any 'parts'. We never visit garage forecourts and no longer plan to change our vehicles overy 3 years. I am not arguing this is representative of all EV owners, but the I think the whole ecosystem that manufactured, marketed, serviced and fueled combusion vehicles in undergoing massive change.
What EV's did you buy as I may be purchasing a Late Model Used Crossover EV or Hybrid in about 2 years and have a 2013 Mazda CX-5 Inline 4 Cylinder and FWD?
My 2014 Tesla S is @ 495.000km. Original battery (a few cells replaced and re-sealed, capacity @ well over 90% still), original motor (re-sealed). Maintenance cost close to 0 compared to ICE.
@@ecolawnaeratorcompanycanada So, when we purchased our EVs in 2018/19 in Australia there was very limited choice. We purchased a MY 2019 Hyundai Ioniq BEV in late 2018 and encouraged by that experience we purchased a Tesla Model 3 in 2019. The Ioniq was first generation with a small battery and about 240 km range. Its proved very efficient and reliable. The Model 3 is long range. There are so many good EVs on sale now that I couldnt make an informed recommendation.
I drive a Dacia. I am on above average pay for England and even though I drive a Dacia, with my 1000mile monthly commute, I spend in the region of £400 a month on travel. There is no way I can more for travel, so the more expensive EU cars are not an option for me. I am now seriously considering a Dacia leaf for £14000 but think it may best to wait a year and see if I can get a cheaper Chinese EV. For mw it is about cost.
Its two things. The Euro car prices are higher. But the software and technology is significantly worse and the range is less. Its like paying more for a worser product.
@@hubzo1 Agreed, except people would put up with worse software if they perceived German car quality at a decent price. Western car makers expect customers to pick up the bill for their poor development choices.
cheap nuclear power is a myth. The full cost of nuclear power per kWH is 3 to 9 times the cost of renewables. France hat to shut down some of their nuclear power plants last summer as the nearby rivers had a too low water level to cool the plant thanks to climate change. If you think nuclear power is a safe bet these days you're dreaming.
This is disruption and is fully predictable. In fact it was predicted by Tony Seba a full decade ago. Now everyone acts surprised especially the OEMs who should have been the first to see this coming. If they did then they decided to keep milking profits even though the train's headlight was clearly visible.
I agree that disruption is on the horizon, the problem is that Germany tries to teach their soccer team how to play cricket instead of playing in the World Cup. Change your politicians in the upcoming elections and Germany shall receive a second win and greatness. MGGA.
Tony Seba worship is Evan's faith, even though Seba says nothing new or has any answers . Australian former MP Barry Jones in his book "Sleepers wake" from ca. 1980 anticipated Sam and this doom mongering with his 'solution ' being something like Huxley's Brave new world - everybody doing drugs to escape reality and no meaningful work or purpose , make work schemes deliberately unproductive, return to subsistence farming and so on. Sam revels in his dystopian vision but seems to think that making videos and crowd funding are solutions .... sad to see .
There has been some in the media here in Australia but yes Australia has become an old economy. We need to embrace the future and go full beans on solar and storage, not just for economic reasons but also national security. Cheap energy will help bring back industry.
I doubt that China will stop buying coal from Australia. Unless you do something really stupid like going to war over Taiwan. But...if the United States tells you to jump you have to ask 'How high"?
Correct . The current Australian federal government is trying to transition the economy away from coal exports and into a renewable export future so that we have an alternative export industry in the future . Not because they hate coal . It's because coal exports are going to fall over time . The government is being severely hindered by the Murdoch media and the fossil industry . What's happening in the auto industry is a ' canary in the coal mine ' moment for coal exports. Coal exports won't disappear as quickly as car manufacturing in Germany but the principle is the same . This auto manufacturer transition from the US and Europe to China has been 20 years in the making . Evs have just sped the process up . China went with the ev revolution years ago while the world's largest auto manfacturers did not . Consequently , China is now in the dominant position for global ev production . We are seeing the results play out today . Renewable energy replacing fossil fuel is following the same path. China is building grid scale renewable energy and that is giving them another competitive advantage over the west. Not only will they be providing cheap energy for themselves, they will be providing clean manufacturing for the world . They will be the first to achieve it and everyone else will be trying to catch up.
Don't let him fool you. If Other countries have no money, this is what happens to China. Is he paid by communist China? th-cam.com/video/VCMFkDta5Us/w-d-xo.html
Except it's not a level playing field when your competition pays slave wages, has no worker protections, and does not care about environmental impact. It is up to the EU to protect its manufacturing base. When Covid hit the US, it was evident that the US gave away its capacity to produce PPE to save a few bucks.
Sam putting everything in the same bucket muddies the water. Michelin's factory closures are simple optimisation (cost reduction) exercise: By moving manufacturing to say Romania they get cheaper labour and cheaper energy as well as govemental/EU bonuses to cover the factory construction and set-up costs. To note the tyre industrie is the only automotive branch that is win-win with the EV's as their tyre ware goes up.
Geely's Zeekr plant uses 2000 bots and 200 workers ... when you see recent videos of European car factories (VW or Stellantis) with heaps of workers, you know there's going to be a problem. And because of supplier squeezing, the parts suppliers were not able to invest enough in automation and are getting hit hardest. Interesting how Michelin is blaming Asian competition for closing two factories, it's competing with itself. That said I think that you have to be out of your mind to keep a factory in France if you have literally any other option.
Europe has actually made the ‘worker’s paradise’ that Karl Marx pretended to. But you can’t keep that up without being flexible. The European tax and regulatory environment has made that difficult.
And even if European plants went robotic, the underinvestment in energy production in Europe means it would still be costly to power all the machinery. A year or so back Nissan UKs ashwani gupta were saying it wasnt lack of workers that is their main problem, but the cost of electricity.
@@Nick-io9uk all those factory roofs must cover acres and acres of ground, if they had solar panels that covered them and batteries to store the energy, the costs would be a lot less as they would only use power when the sun can't keep up. Solar and batteries are now the cheapest way to get electricity installed, and a lot quicker than other methods.
@@Nick-io9uk The governments did a good job there. I don't know specifically about the UK, in France the price of electricity is indexed on the price of gas ... let that sink in.
How old are you? Had you been to Eastern Europe before 1989 or just visit today’s Cuba. Thanks a lot. Competition is the guarantee we all get good products for our money. All things ‘cooperative’ are so lame when it comes to big scale.
Socialism is wonderful. That's why the US puts so much effort, including crimes against humanity, into destroying any people that decide they want it. While telling us all that it always fails.
It's impossible to compete with slave labour wages. As for the high energy costs. Wind and solar are great when it is A. windy and B. sunny. In the winter, often it is neither. Where is the back up? Germany became too dependent on oil and gas from Russia. They shut down their coal and nuclear power plants too fast and too soon, foolishly.
Everywhere in the northern hemisphere that has switched or prioritized wind and solar energy has seen their electricity costs skyrocket. We don’t all live in Australia or where it’s windy.
I've read evs have 10 to 15 thousand parts in them including nuts bolts etc then a normal ice has 20 to 25 soo it's bad news from the off with them really
The horse industry was massive and provided a significant number of jobs. However, cars, trucks, tractors, and everything related to the new automotive industry created far more jobs. The decline of jobs in the horse industry was not an issue for the overall economy.
Auto manufacturing has been moving out of Germany for years to cheaper locations such as eastern Europe and overseas. Germany excels in high-end manufacturing (aeropspace, medical tech,...), which is not mass produced.
Most people really don't "NEED" a new vehicle. Existing owned vehicles will last for years to come . . .look at the wonderful country of Cuba. Old world vehicles; and they never die.
@@bekind2047 My Mercedes is 18 years old still works, yes it needs a bit of work each year but the running costs are a fraction of what a new electric car would cost me each year, because I own the car. The car is paid for, modern cars are over complicated which makes them more expensive.
I admire Chinese cars, but it saddens me to think my continent might lose jobs because of them. It’s a mix of appreciation for innovation and concern for local employment opportunities.
Chinese cars is only part of the problem European carmakers and especially from Germany asked for it. VW( others are not much better) is doing everything to slow down electrifications and make ev's as expensive and unappealing as possible. There were low hanging fuits for many, many years( gigacasting, structural battery packs, LFP batteries - the list go on and on) they didn't pick a single one. Then as the country they do everything to screw themselves up with insane overregulations and unions which dictate the companies what to do while they sit at home on the "sick" leave.
Many jobs were created on your continent when the German automakers were doing well in China from 1990 to 2020 - over 30 years. They had dominant market shares. Unfortunately the managements of those companies got too comfortable during the good times. Now they are in trouble.
If your automakers had reinvested the massive profits from Chinese sales into EVs and other tech, they would be leading. At least they paid a lot of tax and made many shareholders very rich.
Jobs are not lost because of competition. Job occurs when bosses get far and lazy. Many companies reach the top and stop innovating to reap maximum profit.
And even if Europe could compete on price and quality, would it really matter in the end when autonomous driving is universal and non rich people find they can get by without a car of their own? No monthly car payments, no monthly car insurance, taxes , maintenance, depreciation. Imagine how much more income you could divert to other areas of your life without those costs. As Sam has pointed out before, the car manufacturing sector we know today is going to greatly shrink so all the non competitive manufacturers need to find a strategy to be able to survive at a much smaller scale. Maybe the luxury car makers should go back to making extremely high quality and luxurious cars like they did until the turn of the century. Or make robots. Or just die a slow death trying to hold onto the past.
I’ve said the same thing, not only that but a shrinking global population, a shrinking population that as you say will be less willing to want the burden of a private vehicle When a autonomous taxi can be called up as and when needed.
It's the same thing that happened here in Australia, the local car industry was not competitive, they are simply moving production to a cheaper workforce.
Tariffs would actually make sense if they represented the real differential cost of production - higher wages, better working conditions, tighter environmental protection requirements. It's a pity they always end up politicised for corporate profit.
@@tealkerberus748 We had tariffs here and Government grants, but the car companies blew it by bad model choices and absolute garbage quality. The holden Camira, Cruze, the Fords since the XF, the Ford Falcon AU in particular with the 3.9L straight six was notorious for cooking the engine straight out of the show room, and the front end was so weak it would not hold it's frontend alignment. At the end of the day, you have to have a good, high-quality product, tariffs should not be used to protect poor quality and limiting the choice to purchase better quality from overseas.
@@4svideosforschoolthere is but Germany is the biggest contributor to the EU budget by some way and if their car industry goes under then the EU will be in its death throes
Spent a bit of time driving in S.F. something I rarely do these days and the Waymo automated taxis have taken over! Not sure what is more depressing that or trying to get my automatic door locks on my 87' Audi quattro to work 😂. We are all so fooked
In Germany we have a massive shortage of healthcare workers. Young people will more and more go into that industry. Additionally we need to boost domestic consumption. It’s actually good if we decrease exports, as Germany has a massive export surplus. Also it will mean we don’t need to import as many workers from other countries. We also need to massively invest in our infrastructure.
Fewer cars on the road means less money to build and maintain those roads. What we need is a lot more remote-control robots - not AI, but people working from home to operate a robot at work. The savings in OHS and transport alone would pay for it.
ICE vehicles have EVOLVED over many years, more than a century, in fact to what most of us drive today. What we're about to experience, however, is the next big thing that will happen through REVOLUTION, that only the fittest that are able to adapt will survive. Horse breeders and buggy builders probably went through this as well...
We went from a horse -> car. Big change. Now we going from an engine car to a battery car. The car still performs same function. This is not REVOLUTION…it’s called hype…
@kalex381….Modern EV’s are computers on wheels, they are not simply cars with a different drive train…to not grasp that is to not understand the scale of the revolution which is destroying the legacy car makers!
The car was a cheap adaptation and was a positive cash flow for families in the early 1900’s. Battery powered vehicles are not. There yet. I hope they get there. I need a cargo van that can do 600 km’s in the winter with the heat on. Still haven’t found one because no one makes them.
Love the way Electric Viking never talks about the Chinese EV companies going under. Self-reflect a little, China's EV industry is built on the back ot foreign IP, subsidies from the CCP (some of which are probably going to you), and just about every month, Chinese EV companies go belly up. Sure, they have hundreds of them, but what's that say about China's supposed long-term planning?
Cyprus which is part of the EU, is offering €30,000 discounts on 2nd EV's, that's how bad things are. EV's are just to expensive to start off with, who in this day & age can afford an €80k EV, with a salary that's remained the same since 2010 & then Germany comes along & penalizes you for driving an old banger
What Electric Viking described is exactly what happened to the Holden/Ford auto industry in Australia. Once the core auto activity slows, or ceases, it is obvious that car parts and accessories are o longer needed. Sadly, it is not just the job losses at the car plants, that is actually quite small in comparison to the magnitude of job losses in the industries associated with the car plants. A thousand job loss could potentially mean a ten folds disaster for the rest. Even the small coffee shops and corner stores were affected ! Not nice !
😂欧洲人，在这个频道，还是如此的守旧，真的难以想象。。电动车，用电机的车(包括混合动力)，有智能驾驶的车，和燃油车，是两个时代的产品，和价钱无关，和环保无关。电动车的可发展性比燃油车大多的，每年都有新的技术，电控的精准性是燃油车不能比的，电池的难题迟早会克服的(固态电池)。同样价钱，加速更快，更安静，更省油，更智能，配套更多，可玩性更多，外放电露营(场景使用更多)，特别是长途的智能驾驶，非常好用，未来更加智能化(远远没到尽头)，而燃油车，已经是尽头。。 但你们还停留在，还是环保😂😂😂😂 😂Europeans are still so conservative in this channel, it's really hard to imagine. . Electric cars, cars with motors (including hybrids), cars with smart driving, and fuel cars are products of two different eras, and have nothing to do with price or environmental protection. The development potential of electric cars is much stronger than that of fuel cars. There are new technologies every year. The accuracy of electronic control is incomparable to that of fuel cars. The battery problem will be overcome sooner or later (solid-state batteries). For the same price, it accelerates faster, is quieter, more fuel-efficient, smarter, has more accessories, is more playable, and can be used for outdoor camping (more scenarios), especially long-distance smart driving, which is very easy to use and will be more intelligent in the future (far from the end), while fuel cars are already the end. . But you are still stuck in environmental protection😂😂😂😂
Interestingly enough I returned to China today and my taxi driver was driving a brand new KIA gas powered sedan with a 5 speed transmission. I asked him why he didn't buy an electric vehicle (through my translator), and he replied that he often had to drive long distances. So even in China where they have as many charging stations as gas stations, the population is still a little reluctant to buy electric. And/or he got a hell of a deal on the gas vehicle, as I hear many foreign brands are selling for up to half retail price. But I agree, the future is fully electric, but it will take awhile, even in China.
@@williamlewandowski129你们外国人对中国一无所知，更加对电动车一无所知，比亚迪销量最高的是混合动力，可以用汽油，而50万+销量最高的汽车，也是混合动力，你还是停留在汽油和电的认知，估计你不知道电动车的核心价值，并不在于是用电还是油，而是电控精准的控制，对四个轮的精准控制，我们中国人，从来不拘泥于环保，电还是油我们并不在乎，本质是电动车可以做到的油车做不到，可发展性根本不在一个层面，电动车可以通过对四个轮的调节让在雪地，沙地更好的控制，就像比亚迪最近一个月新出的模式，低速度高扭力可以更好的克服地形障碍。电还是油，真的不重要，重要的是能力。 You foreigners know nothing about China, and even less about electric cars. BYD's best-selling model is a hybrid car that can run on gasoline, and the car with the highest sales of 500,000+ is also a hybrid car. You still stay in the understanding of gasoline and electricity. I guess you don't know that the core value of electric cars does not lie in whether they run on electricity or oil, but in the precise control of the electronic control, the precise control of the four wheels. We Chinese have never been obsessed with environmental protection. We don't care whether it is electricity or oil. The essence is that electric cars can do what oil cars can't. The development is not at the same level. Electric cars can adjust the four wheels to make them better controlled on snow and sand, just like BYD's new model released in the past month, low speed and high torque can better overcome terrain obstacles. Electricity or oil, it really doesn't matter, what matters is the ability.
@@williamlewandowski129 sure, there are always specific applications. While the world uses digital photography (electric car), there are still applications like x-ray at the dentist that require or are less expensive with analog film (ICE car). Just imagine a security scanner / x-ray machine with analog film (and processing) at the airport - impossible.
Has anyone got a video of electric Viking actually in and electric car I've looked through his videos and it's mostly just him reading I other people's work?
Sam, I am shocked that you do not understand why costs are so high now in Europe. Germany in particular has suffered due to the loss of cheap Russian oil and gas imports. This is a self inflicted wound. It is caused by the imposition of sanctions on Russia. The USA is responsible for the destruction of the Nordstream gas pipeline which once supplied Germany with cheap Russian gas.
I'm from Netherlands and work in Automotive. Covid created problems with microchip supplies, then EU regulations requires more and more from emissions ADAS systems and has subsidized EV vehicles greatly. Then Russia invaded Ukrain and energy prices have skyrocketed. Since we rely on China for EV batteries and suspected China subsidizing their own EV vehicle prodcution, we got into a fight about taruffs which we seem to be on the losing end. Maybe EU car manufacturers still think about China producing Landwind type of vehicles and didn't worry for too long
These were both "own goals" but the economic repercussions of cutting themselves off from cheap Russian gas in order to please war mongers in Washington is beyond crazy. It seems like they won't recover. In the meantime, Russia is compelled to sell the same cheap gas to China giving them even more advantages in manufacturing.
*Governments* the world over had better plan to implement *UBI* (†) or the only growing job markets will be *police, jailers, and undertakers.* *UBI* will keep you alive but if you want anything more/better, you'll have to _get _*_creative._* †) *Universal Basic Income*
What adds to the slump in demand is a lack of young adults due to falling birthsrates and the high prices of real estate...who can afford to buy new premium German cars?...they will have to refocus on cars between 20k and 30k..keep cars simple...
Yes, in order to sell EVs below costs, car manufacturers have to raise the ICE prices. People simply can't afford ICE or EVs and the sales are going down. That's the price parity we wanted.😂
You often suggest "learn to code," but as someone in IT for over a decade, I can tell you that the IT has been in a recession for almost two years now. The combination of lower demand, a huge surplus of developers, and advancements in AI has created this situation. We in IT were actually the first to enter this recession, which will eventually affect all industries, including car manufacturers. People don’t realize what’s coming their way. Most of CEO's I know reduced headcount by average 20%-25% last two years, some even much more.
Are you a real developer with real concrete coding skills? Just curious. AI if anything just increased the demand for people who have a deep understanding of the coding.
@@eduard348 Yes, I have more than 15 years of software development experience. The problem is not related to skills but rather to lower demand, shorter projects, more expensive workforce, and late payments from clients.
@@reframeservices more expensive workforce means higher demand for the knowledge doesn't it? Genuine question, so far I thought that the layouts mostly covered bloated staffing projects of COVID years.
@@eduard348 What kind of logic is that? A more expensive workforce doesn’t equate to higher demand. It equates to high-quality software developers doing the work of two-three people with the help of AI for the same or at best 20% - 30% higher salary -assuming there is demand and ongoing projects.
Who knew blowing up the Nordstream 2 would have consequences. No cheap energy from Russia means paying 4x from the USA, making cars much much more expensive.
Just looking at gas prices in Europe (data from Trading Economics) and although slightly higher than the long term average it's not 4x. Who knew invading a sovereign country in Europe would have an effect on the aggressors economy.
@@unconventionalideas5683 Germany mothballed the nuclear powerplants, that was their stupidity. They did this to themselves. They have the choice of adapting or not.
Drat me ! Who didn't see this coming 5 years ago ? Well, VW & Mercedes, obviously. P.S. In the 1980s we in Britain were told how well the unions and management worked together in Germany. You have just revealed the work-shy truth.
No longer more noise than power. No more gutless wonders. No more shaking, no more stink. The new technology turns an econobox into a much superior machine that is quiet, clean and makes effortless power. But the industry resisted and denied and continued to bamboozle customers with two hundred year old firebox technology that leadership knew was decades out of date. Never has a butt kicking been more deserved.
clean ...you are joking fool..the worst pollution just mining the battery minerals ..the water used to refine these totally destroys landscape, dont forget child labour supplying to china and othr countries used batteries are going to pollute the environment forever what damage to the planet when coal and gas and oil are used to make all the crap that goes into these cars . china is polluting their world burning coal supplying these terrible batteries with such dangerous chemical and minerals - scrap evs they silently pollute way worse than combustible engines just manufacturing them and they when they are at end 5-10 years i hope they send these batteries to pollute your land ... ev buyers dont know what is happening to make these things nor do they try and think about the huge problem batteries will be when u cannot just r fit them ,,they are sapped out and theres all this lithium and cobalt ready to kill our planet and leach into water as well.. hydrogen must be the true way to stop this madness
@@gbw28No. It's a perfectly stupid and completely backwards comment. All that happened with EV is that the tailpipe got moved all the way back to the thermal poweplant. On top of that, over 500,000 lbs of mining tailings accumulate for EVERY EV battery produced. Who is going to pay to clean all that up? The only reason you can buy solar panels (relatively) cheap is because China uses slave labor to make them with no environmental controls. Hundred of Chinese workers lose their lives every year due to PV panel chemical accidents. None of this ever makes the news, so dingbat western commenters like the one above can feel good about their simpleton, propagadized progressive EV street cred. On top of all this, the CCP subsidizes most shipping so even that cost isn't paid by the self-lauding North American PV consumer. China has, in the end, wildly succeeded in EV and PV dumping, putting all western competition out of business. You idiots got played.
electric cars predate '200 year old fireboxes', such as the Flocken Elektrowagen, and together with steam cars were the first true horseless carriages. Also modern fireboxes are incredibly efficient. In fact, many are so clean that the emissions from the exhaust are cleaner than the atmospheric air going in.
I work in musical instrument making. My contacts in France say that absenteeism at the biggest manufacturer ( I won’t specify ) is 15% a month. It’s cheaper to keep the problematic workers employed than it is to dismiss them.
Sam … can you start looking at ways to prepare, besides investing (in Tesla)? Start looking at what impact all of this will have on humanity. Will UBI work?
UBI can be the solution but it requires the will to transform society and redistribute wealth. There is no reason the whole population can't live at a decent standard with current productivity which will keep growing with automation. It's a question of spreading the spoils of AI and robots. Which country will lead the way?
Since the pandemic, followed by the Ukraine war, the incompetent EU bureaucrats and incompetent European elite have devastated the continent. We have lost ALL of our competitiveness in an amazingly short time. The Nord Stream pipeline going Kaboom was our final death sentence.
Jobs and businesses will be gone in Australia too. Not that we had anything productive anyways. Forget about cars, cos the grid cant cope with just the lights and aircon let alone EV cars. So lets be real, back to horse and cart cos that brick will be a brick. Going backwards to pushbikes and walking is the future of this country.
One day, solar panels will be so efficient that one doubling as the car roof can keep the car battery charged almost all the time. No charging station will be needed.
Germany cut themselves off from cheap Russian energy on orders from Washington. You can't have competitive industries in Germany any longer primarily because of that act of self-destruction. Energy costs are soaring ......
The good and luxurious life styles of the EU that were achieved at great cost to the global majority is coming to an inevitable end. The global majority is catching up to the shenanigans of the global minority.
Bigots never wast their chances... Who helped build Germany's manufacturing prowess in the 70s, 80s, 90s? Who made up the grunt of the workforce that was making Benzes, Wagens, Bimmers that were then sold to the rest of the world at 30% margins and more? Remove the millions of immigrants out of the equation and Germany would be no different than Austria or Italy today. I live in Germany. I worked with foreign communities, turks, slavs, africans. No difference whatsoever between them and the "natives". Germany will not be saved by diversity. Germany was built by diversity. Germany without "diversity" is not something that we want. Germany without "diversity" screwed the world a good couple of times.
Blimey Sam every time I watch one of your videos I get more depressed. Any chance we could have something more technology based away from the great take over by China?
Call me stupid or whatever. If Seba is right and AI robots take over the workforce, who's going to buy the cars or anything else? And who needs a car if nobody is working? If robotaxis become so cheap and EV's become million mile cars then the EV market will collapse as well, what happens to auto sales if cars last forever? This whole scenario seems like one big feedback loop. If this happens, governments will have to create a guaranteed income for everyone? With what money? Government money comes from taxes and taxes comes from people working. The circles keep going 'round and 'round. See the problem here?
it's like a giant tower built of glass. I has to collapse some time. Everyone had to drive to get to work, so everyone forced to buy cars and take in all the costs of ownership. A car is the most expensive thing a person owns other than a house, yes? It's a system that was always too expensive. We can't imagine life without cars, right? That means we're trapped and we can't see a way out. It's basically a system designed to milk most of everyone's paychecks. Most people who switch to EV know it's much cheaper to own. It's a secret that the majority don't know about.
New industries mate. Back in early 1980s, the company I worked in had a big typing pool of girls typing documents for us engineers. I once typed my own meeting minutes and nearly started an industrial strike as I did their job. Now where can you find an organisation still maintaining a typing pool? Perhaps Germany?!
Thats is part of the problem, looking at the future whilst trying to stay in the past. We need to adapt our economies and policies. Governments tax the economy and that can grow massively with less human input and cheaper energy. It's really energy and human time that makes things cost what they do. It's going to be a disruptive 20 years because we aren't planning ahead but then it's rainbows and unicorns as one AI expert put it.
Germany has had to fire up its coal powered electricity generation since they shuttered their nuclear generating stations. Shortsighted hubris on an exceptional level! I’m for clean energy and coal isn’t it and it’s expensive. Germany has no cheap energy from Russia now and this has also driven the cost of producing anything in Germany and the entire EU to insane levels. The only solutions with the present governments of the EU is for production to leave to other far more competitive countries.
Unless the Germans could convince their big brother to sell oil and gas to them at the same cheap prices as the Russian. Yeah, pigs can fly if that happens.
Pretty hypocritical to ban oil based fueled cars and not even consider Building Small Modular Reactors (SMR's) or other New Nuclear Plants as will be running in Canada soon ??
Its like the UK was 40+ years ago, on Germany costs when I worked for Nissan - 30 years ago the parts suppliers were moving production out of Germany due to cost - one piston supplier moved our production line to France with a high tech line to lower the cost, one supplier commented that Ford purchase had told them they expected in the future German supplied parts would be too expensive, China made parts cost they may not be that low a cost, some years ago a well known diesel component supplier had set up a plant in China originally yes it was cheaper but actually taking into account full costs this was not the case - now that depends on exchange rates, scrap rates and so on, its not always the case China production is a lower cost, yes labor is a factor but not all costs are labor. I have worked in the automotive industry for more than 50 years and over 22 years in China , ICE is done there is no going back, the speed of China is unbelievable and a very tough market the legacy companies cannot compete, it will become worse the next few years for all Tier1's not just hardware, but lubricants as well.
Hi gary do u think nissan sunderland is going to be finished I'm waiting to start at the aesc battery plant chinese company to make the batteries mainly for nissan I just don't no what to do was ment to start around March April what is your opinion I would appreciate any advise !!
I researched Chinese websites to explore the available models and pricing in China, and it’s clear that the market there is very different. Currently, Europe doesn't have any competitively priced electric vehicles. Prices can only drop significantly if European production is nearly non-existent, much like what happened with solar panels. I don’t see that happening.
And the big surprise is waiting for them, when those microscopic hybrid batteries will start dying like flies in a few years, and the replacement will be anything but cheap.
If there is too big economic impact on Germany, then EU🇪🇺 will just give longer lifetime to ICE and abandon strict environmental regulations for nearest future. 😌
U.S. will do the same, I fear. To heck with saving the planet when they have moronic CEO's to save! CEO's that ignored what was coming so they could sit on their fat, greedy, lazy arses.
And that will help how? The EU will then completely lose their hold on the Asian and American markets and we'll be eating bread with water for the foreseeable future... What we need is to start diferentiate ourselves once again and compete in tech, quality and efficiency once again. We need to get rid of all the mba bloat that sucks the life out of our industries.
Thanks for all the research you do very interesting. I listen to a lot of content a few questions Germany has been into alternative energy sources for a while their prices are high. Hertz car rental sold their EVs is there a explanation of why? Cheers again
The same happened in the US as the country shifted to a service based economy from a manufacturing economy. It is too expensive to manufacture in Germany unless it's high end manufacturing. It's similar to Singapore, which engages in high end aerospace work.
Sam is all giddy at the prospect that these fired European workers will solve their problem by buying Chinese EV’s. 🤣However, the consequence of the crisis will come in the form of massive political change. The ICE age cometh, Sam.
This happened in the UK many years ago manufactures are living on reputation and union dominance with new tech coming and not changing fast enough very black clouds on the horizon rolling far to fast for governments/ manufactures.
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And they fired Diess because he told VW this would happen. Schadenfreude!!
No they fired Diess for the unsellable ID.3 and ID4. Now they go back to the old design.
@@JakobFischer60 ID3 and ID4 are massive sellers and they were shooting through the roof year on year until Dess was fired and continued to to shoot through the roof.
Diess tasked them with building a better car. They bickered and threw themselves on the ground crying. They've figured it out now, but failed to transition their suppliers and workforce. The best specification of the old tech only overlaps the worst specification of the new tech. What did they think was going to happen when they gave up and went backward? China doesn't want vehicles that are dogs.
wr
@@JakobFischer60 - Who fired him? The board or the family?
I worked in fords in Essex years ago, they said then that for every person that worked in the fords factory there was 15 people working outside the factory that supported them. Even down to the people that made the sandwich’s that were selling in the smaller factories that suppliers bits
to the Ford factory
What is this man talking about?
Percentage of fully electric cars in Europe is between minimal and non-existent. Most people (not companies, but people) buy only USED cars in EU. Who in their right mind would buy a 3 years used electric car? This sounds like this guy is just promoting EV, not giving objective information
@@jammmy30 He’s paid by the EV lobbyists
@@jammmy30It's too late now but he has been trying to wake people up to change.
@@jammmy30 You will be forced to buy EV, that is how current EU admin works.
Can't be forced to buy if you don't have the money for it, EVs are pushed by politicians who for the most part are a lot better off than the ordinary person hence they can't see that many people can't afford even second hand EVs. If a person lives in a house or flat without a drive they would have to use public chargers which are often hellish expensive not to mention the inconvenience. Some conspiracy theorists say this is all to control the population, not to help re climate cha nge. Personally I think it is more about out of touch, clueless, incompetent politicians getting caught up in their own climate change saviour spin who have no idea of the damage they are doing to their own economies.
Thanks Sam .. your hard work shows. Very informative.
My pleasure!
"Prepare for a future when most of us will be out of work." Wow... Stark, but an honest assessment.
A country (Germany) that is proud of the time (1 year) it takes to grant an operating license for a kindergarten school is paying the price of a grossly incompetent bureaucracy.
This is also true in Australia… utterly ridiculous levels of regulation that achieve very little at eye watering cost.
Ok but it beats china. Citizen rights😊
@ economic slowdown downs historically have led to civil unrest, hope the EU wakes up before its too late
@@bobdebouwer7835 in china, the citizens are employed…Europe:not so much.
@@wysiwyg1 Europe cannot stand being peaceful for long.
It's been long time coming. VW fired Diess for trying to wake them up.
diess nuts
Yes, exactly! Germany’s economy is committing suicide when on top of insane electricity prices they also sponsor EV that will need even MORE electricity! But, this Green party Talibans from Germany with their sponsorship of EVs are not just killing German economy, they are killing neighbors economy too, by sucking up all affordable electricity. This must STOP! Just like our government in Sweden said if next German government is also Green we must CUT electricity cables to Germany. If Germans want to kill their economy by EV and Green taliban we will NOT allow them to drag us with them!
Diess was one of the hole problems and Diesselgate happened directly. under his leadership.
♥️♥️♥️♥️♥️♥️diess🔥🔥🔥🔥🔥
vw already knew it was too late by then, control damage. they are playing catchup...high cost
It’s happening! Faster than a lot of people thought it would. Interesting times ahead.
Thank you for all the info! seems like a major paradigm shift its evolving..
Since somebody ‘disconnected’ their cheap gas supply, and forced them to buy their shipped in gas at 5 x the price instead, Germany cannot run heavy industry competitively. The real effect for this has still yet to be felt - we are just seeing the start of the collapse.
"somebody" - how true!
@@Peter-MH same in the UK , carbon neutral no matter what the cost
EU president said they can buy cheaper US gas
No worries, Sam will be selling them some new solar panels and windmills 🤣
@@jogana6909 EU President is deluded lol.
In Hollywood -I am just called the Viking, but the Electric Viking is much cooler! 💪⚡
Keep up the informative broadcasts! I was an early adopter : Roadster # 1192. Subscribed!
Hi all. I am german. No large scale Battery Production in Europe/Germany means no way to compete with China. Same for the US. We missed it.
@@DanielFreiberg-y7v Thanks
And no cheap energy, no cheap workforce
@@SzaszaG1 Try to joint venture with China in Germany is an option.
USA have Tesla
@ Yes, we do. And the best food in the world. And barbecue. And bakeries. And burgers. And rocket ships. And yard sales. Pretty much everything.
seeing those care making machines at work .. i can't help but be amazed at the depth of design and development needed for a huge automatic car factory.
Compare with Russia, where half the cars they build can be traced back half a century or are pretty much Renault/Dacias built under license.
The chinese seem to release new models every few days, the russians once every few decades.
Even in the Halcyon days of the 1960s, it was a big event when a European manufacturer debuted a new product. With the incredible & indutrious chinese, its a footnote.
The writings are on the wall for Europe as a whole
Every time I see your clips of auto workers in Europe (primarily Germany, I think) I am absolutely astounded to see all that work being done manually at outrageous hourly rates. No wonder Chinese cars can be made more cheaply -- with Chinese robotics!
Same so many people doing very little no wonder they want to cut jobs
Soon Sam will be mournfully reporting that the Chinese workers have lost their jobs to the robots. This so-called progress is a slippery slope, a?
The West has been citing Chinese cheap slave labour that has produced high tech EV cars and many other cheap high value products. The cheap slave labours are the ones who are willing to work 24-7 at no wages. Robots.
And then you got the massive profits (in the past now) sucked out by the shareholders. The whole system has failed, from the business model right down to the assembly process.
@@NoiserToo Unlike the west, when a factory in China uses more robots and so makes more profit (less wages to pay) those profits go to the state (it's a communist country) and get dispersed into the population. In the west the shareholders get richer and the ex. workers get poorer, in China the ex. workers get to work on the next state subsidised grand adventure.
Bosch is the largest tier one supplier. Every job they reduce should also mean their suppliers will have layoffs. 10K Bosch jobs is even more for the entire supply chain.
Thanks for your continuing coverage of these seismic developments. There are additional trends that I think are real. Our family switched to 2 EVs in 2019 and have covered >200,000 km in them. Sure there have been some minor glitches, most of which were fixed by over the air upgrades or in one case re-routing of a wiring harness. But unlike with previous combustion vehicles from Audi Nissan and VW I have virtually no ongoing relationship with dealers. Other than tyres, we have not replaced any 'parts'. We never visit garage forecourts and no longer plan to change our vehicles overy 3 years. I am not arguing this is representative of all EV owners, but the I think the whole ecosystem that manufactured, marketed, serviced and fueled combusion vehicles in undergoing massive change.
What EV's did you buy as I may be purchasing a Late Model Used
Crossover EV or Hybrid in about 2 years and have a 2013 Mazda CX-5 Inline 4 Cylinder and FWD?
My 2014 Tesla S is @ 495.000km. Original battery (a few cells replaced and re-sealed, capacity @ well over 90% still), original motor (re-sealed). Maintenance cost close to 0 compared to ICE.
@@ecolawnaeratorcompanycanada So, when we purchased our EVs in 2018/19 in Australia there was very limited choice. We purchased a MY 2019 Hyundai Ioniq BEV in late 2018 and encouraged by that experience we purchased a Tesla Model 3 in 2019. The Ioniq was first generation with a small battery and about 240 km range. Its proved very efficient and reliable. The Model 3 is long range. There are so many good EVs on sale now that I couldnt make an informed recommendation.
European EVs are too expensive. It's not "tech", it's the ridiculous pricing.
BMW/VW, etc. think they can command premium pricing. They can't.
I drive a Dacia. I am on above average pay for England and even though I drive a Dacia, with my 1000mile monthly commute, I spend in the region of £400 a month on travel. There is no way I can more for travel, so the more expensive EU cars are not an option for me.
I am now seriously considering a Dacia leaf for £14000 but think it may best to wait a year and see if I can get a cheaper Chinese EV.
For mw it is about cost.
German made EVs are too expensive
Its two things. The Euro car prices are higher. But the software and technology is significantly worse and the range is less.
Its like paying more for a worser product.
@@hubzo1 Agreed, except people would put up with worse software if they perceived German car quality at a decent price. Western car makers expect customers to pick up the bill for their poor development choices.
@@grahamt5924most people are, you are not alone
They had plenty of warning this was coming and they chose to ignore it for short term profit. I feel no pity for them at all.
What short term profit did they get?
@neilwani1178 They stuck with the profits of the ice vehicles instead of trying to switch over electric vehicles.
@neilwani1178 They also stuck with milking profits instead of innovating their own products.
@ryan6391 the problem is the ones that did this are the higher ups. The lowly workers didn't have a say in it. Now their jobs are in trouble.
Sympathy for the workers (the vast majority), but not senior management as they set the policies.
I love the way Sam Viking smiles on the introductory photo to these videos
He hates the West.
5:18 Electricity is expensive in Germany because they closed all their nuclear reactors. Electricity is cheaper in France.
cheap nuclear power is a myth. The full cost of nuclear power per kWH is 3 to 9 times the cost of renewables. France hat to shut down some of their nuclear power plants last summer as the nearby rivers had a too low water level to cool the plant thanks to climate change. If you think nuclear power is a safe bet these days you're dreaming.
The Russian gas plan was fixed by the US.
Did you forget that the German let their NS be blownup?
Cheaper in Poland too Good old coal still works well
Its expensive because of the war and natural gas prices. Nuclear is not cheap. Its quite a lot more expensive than gas, coal or renewables...
This is disruption and is fully predictable. In fact it was predicted by Tony Seba a full decade ago.
Now everyone acts surprised especially the OEMs who should have been the first to see this coming. If they did then they decided to keep milking profits even though the train's headlight was clearly visible.
I'd love Tony Seba to do another talk. He is so accurate in his predictions.
Bonuses paid out before retirement..
I agree that disruption is on the horizon, the problem is that Germany tries to teach their soccer team how to play cricket instead of playing in the World Cup. Change your politicians in the upcoming elections and Germany shall receive a second win and greatness. MGGA.
@@NoiserToo The right wave will sweep through Europe... Basically every European is fed up with things as it is now..
Tony Seba worship is Evan's faith, even though Seba says nothing new or has any answers .
Australian former MP Barry Jones in his book "Sleepers wake" from ca. 1980 anticipated Sam and this doom mongering with his 'solution ' being something like Huxley's Brave new world - everybody doing drugs to escape reality and no meaningful work or purpose , make work schemes deliberately unproductive, return to subsistence farming and so on.
Sam revels in his dystopian vision but seems to think that making videos and crowd funding are solutions .... sad to see .
“Invest”. You’re a wise man, and wise advice. Thank you!
I appreciate that!
@@electricvikingif you had £100k spare where would you invest it 🤷🏻♂️👌
You only have compare the level of technology on the production lines between Germany and China to understand where some of the problems are.
The world is on to communist China! th-cam.com/video/EFL_OygIxGs/w-d-xo.html
It is the same German robots and tools on both
Great reporting! Keep up the excellent work. I shorted VW based on your reporting and made $$$$ ❤
😂😂😂😂
@ 😂😂😂😂😂
No job...No money.... no purchase of cars, no matter how cheap the Chinese can produce them.
Australia is in the same situation where about to lose coal and iron ore and NO one is talking about THAT
There has been some in the media here in Australia but yes Australia has become an old economy. We need to embrace the future and go full beans on solar and storage, not just for economic reasons but also national security. Cheap energy will help bring back industry.
Yet more jobs were created in green renewable jobs than fossil jobs. Lots of jobs with a future being created in Australia.
I doubt that China will stop buying coal from Australia. Unless you do something really stupid like going to war over Taiwan. But...if the United States tells you to jump you have to ask 'How high"?
Correct . The current Australian federal government is trying to transition the economy away from coal exports and into a renewable export future so that we have an alternative export industry in the future . Not because they hate coal . It's because coal exports are going to fall over time . The government is being severely hindered by the Murdoch media and the fossil industry . What's happening in the auto industry is a ' canary in the coal mine ' moment for coal exports. Coal exports won't disappear as quickly as car manufacturing in Germany but the principle is the same . This auto manufacturer transition from the US and Europe to China has been 20 years in the making . Evs have just sped the process up . China went with the ev revolution years ago while the world's largest auto manfacturers did not . Consequently , China is now in the dominant position for global ev production . We are seeing the results play out today .
Renewable energy replacing fossil fuel is following the same path. China is building grid scale renewable energy and that is giving them another competitive advantage over the west. Not only will they be providing cheap energy for themselves, they will be providing clean manufacturing for the world . They will be the first to achieve it and everyone else will be trying to catch up.
@@billhill4479 and they burnt wayyyyy more coal than anyone else ever did in doing so 😂
_" Adapt to reality & changes or out of the race!! "_
Don't let him fool you. If Other countries have no money, this is what happens to China. Is he paid by communist China? th-cam.com/video/VCMFkDta5Us/w-d-xo.html
Except it's not a level playing field when your competition pays slave wages, has no worker protections, and does not care about environmental impact. It is up to the EU to protect its manufacturing base. When Covid hit the US, it was evident that the US gave away its capacity to produce PPE to save a few bucks.
@@briangasser973 slave wages???
Sam putting everything in the same bucket muddies the water. Michelin's factory closures are simple optimisation (cost reduction) exercise: By moving manufacturing to say Romania they get cheaper labour and cheaper energy as well as govemental/EU bonuses to cover the factory construction and set-up costs. To note the tyre industrie is the only automotive branch that is win-win with the EV's as their tyre ware goes up.
Geely's Zeekr plant uses 2000 bots and 200 workers ... when you see recent videos of European car factories (VW or Stellantis) with heaps of workers, you know there's going to be a problem. And because of supplier squeezing, the parts suppliers were not able to invest enough in automation and are getting hit hardest. Interesting how Michelin is blaming Asian competition for closing two factories, it's competing with itself. That said I think that you have to be out of your mind to keep a factory in France if you have literally any other option.
Europe has actually made the ‘worker’s paradise’ that Karl Marx pretended to. But you can’t keep that up without being flexible. The European tax and regulatory environment has made that difficult.
And even if European plants went robotic, the underinvestment in energy production in Europe means it would still be costly to power all the machinery. A year or so back Nissan UKs ashwani gupta were saying it wasnt lack of workers that is their main problem, but the cost of electricity.
@@Nick-io9uk all those factory roofs must cover acres and acres of ground, if they had solar panels that covered them and batteries to store the energy, the costs would be a lot less as they would only use power when the sun can't keep up. Solar and batteries are now the cheapest way to get electricity installed, and a lot quicker than other methods.
@@Nick-io9uk The governments did a good job there. I don't know specifically about the UK, in France the price of electricity is indexed on the price of gas ... let that sink in.
A competitive economy is good for the rich, the minority. A co-operative economy would be better for the majority
No! What do you want, a noncompetitive economy? That is called Socialism, and it leads to suffering for all.
How old are you? Had you been to Eastern Europe before 1989 or just visit today’s Cuba. Thanks a lot. Competition is the guarantee we all get good products for our money. All things ‘cooperative’ are so lame when it comes to big scale.
Yes, absolutely cooperative! Like a Resource-based economic system! That would be perfect - for everyone.
🐸🐸🐸@@purplesprigs🐸🐸🐸Childish 🤣🤣🤣
Socialism is wonderful.
That's why the US puts so much effort, including crimes against humanity, into destroying any people that decide they want it.
While telling us all that it always fails.
It's impossible to compete with slave labour wages.
As for the high energy costs. Wind and solar are great when it is A. windy and B. sunny. In the winter, often it is neither. Where is the back up? Germany became too dependent on oil and gas from Russia. They shut down their coal and nuclear power plants too fast and too soon, foolishly.
Everywhere in the northern hemisphere that has switched or prioritized wind and solar energy has seen their electricity costs skyrocket.
We don’t all live in Australia or where it’s windy.
EV’s have 1/2 the moving parts as ICE vehicles so the transition to EV’s will devastate many parts suppliers.
I've read evs have 10 to 15 thousand parts in them including nuts bolts etc then a normal ice has 20 to 25 soo it's bad news from the off with them really
an electric motor has 14 to 16 moving parts, where as an ICE has 2,500 moving parts
Ev's need electricity, lots of it, where do we get that from if energy costs are high ?
@@clinger007ringer-xu2ir Solar Field
@@clinger007ringer-xu2irEVer heard of SUNshine? Guess not😂
I was a VW person. Not any longer!
Sorry to hear this! 🫣🥴 Why not? What happened? Should have Herbert DIESS stayed ? Good luck. Try getting hired at Tesla.
Us too!
Same, always had VW group cars.
But heard VW has partnered up with a Chinese EV manufacturer though.
I can't afford VW
Great report
Think your right mate been seeing this coming for a while but most people just dont get it 🤷♂️
The horse industry was massive and provided a significant number of jobs. However, cars, trucks, tractors, and everything related to the new automotive industry created far more jobs. The decline of jobs in the horse industry was not an issue for the overall economy.
Not a realistic comparison though.
Nowdays the new jobs are either bad or few or for robots
Will be back on the horses soon the way the EU economies are collapsing.
Auto manufacturing has been moving out of Germany for years to cheaper locations such as eastern Europe and overseas. Germany excels in high-end manufacturing (aeropspace, medical tech,...), which is not mass produced.
@@ketelin4285There will be lots of jobs in robot-programming, robot-maintenance, and robot related R&D...
Most people really don't "NEED" a new vehicle. Existing owned vehicles will last for years to come . . .look at the wonderful country of Cuba. Old world vehicles; and they never die.
Most do not have the original engines.
Cuba is for sure a great perspective.
@@bekind2047 My Mercedes is 18 years old still works, yes it needs a bit of work each year but the running costs are a fraction of what a new electric car would cost me each year, because I own the car. The car is paid for, modern cars are over complicated which makes them more expensive.
only cars made before the mid 2000's most cars in recent years have too many plastic parts in the engine bay, that are designed to fail
People die far more in old vehicles.
I admire Chinese cars, but it saddens me to think my continent might lose jobs because of them. It’s a mix of appreciation for innovation and concern for local employment opportunities.
It’s not a level playing field. Chinese are govt supplemented and dump on the rest of the 🌎. Also China puts all kinds of rules on foreign car makers.
Chinese cars is only part of the problem European carmakers and especially from Germany asked for it. VW( others are not much better) is doing everything to slow down electrifications and make ev's as expensive and unappealing as possible. There were low hanging fuits for many, many years( gigacasting, structural battery packs, LFP batteries - the list go on and on) they didn't pick a single one. Then as the country they do everything to screw themselves up with insane overregulations and unions which dictate the companies what to do while they sit at home on the "sick" leave.
Many jobs were created on your continent when the German automakers were doing well in China from 1990 to 2020 - over 30 years. They had dominant market shares. Unfortunately the managements of those companies got too comfortable during the good times. Now they are in trouble.
If your automakers had reinvested the massive profits from Chinese sales into EVs and other tech, they would be leading. At least they paid a lot of tax and made many shareholders very rich.
Jobs are not lost because of competition. Job occurs when bosses get far and lazy. Many companies reach the top and stop innovating to reap maximum profit.
And even if Europe could compete on price and quality, would it really matter in the end when autonomous driving is universal and non rich people find they can get by without a car of their own? No monthly car payments, no monthly car insurance, taxes , maintenance, depreciation. Imagine how much more income you could divert to other areas of your life without those costs.
As Sam has pointed out before, the car manufacturing sector we know today is going to greatly shrink so all the non competitive manufacturers need to find a strategy to be able to survive at a much smaller scale. Maybe the luxury car makers should go back to making extremely high quality and luxurious cars like they did until the turn of the century. Or make robots. Or just die a slow death trying to hold onto the past.
I’ve said the same thing, not only that but a shrinking global population, a shrinking population that as you say will be less willing to want the burden of a private vehicle When a autonomous taxi can be called up as and when needed.
naive
@@SimonLloydGuitar What is naive?.
It's the same thing that happened here in Australia, the local car industry was not competitive, they are simply moving production to a cheaper workforce.
Nah it's mainly the product, world is moving on to EVs. Energy crisis in EU compounding the problem
Tariffs would actually make sense if they represented the real differential cost of production - higher wages, better working conditions, tighter environmental protection requirements. It's a pity they always end up politicised for corporate profit.
@@tealkerberus748 We had tariffs here and Government grants, but the car companies blew it by bad model choices and absolute garbage quality. The holden Camira, Cruze, the Fords since the XF, the Ford Falcon AU in particular with the 3.9L straight six was notorious for cooking the engine straight out of the show room, and the front end was so weak it would not hold it's frontend alignment. At the end of the day, you have to have a good, high-quality product, tariffs should not be used to protect poor quality and limiting the choice to purchase better quality from overseas.
Great analysis !
The European Union is about to disintegrate like the Soviet Union if Germany falls..😅😅😅
dude, its is not integrated to begin with. during covid all “borders” were activated. its is mostly monetary union made for bankers
No, poland will pay for Sure.
There is more to the EU than car manufacturing.
@@4svideosforschool Genuine question: Are there any other industries in europe that have the same economic power & influence as the car industry?
@@4svideosforschoolthere is but Germany is the biggest contributor to the EU budget by some way and if their car industry goes under then the EU will be in its death throes
We had three Robots (Roberts) in our engine test cells. They were replaced by Steve!
Spent a bit of time driving in S.F. something I rarely do these days and the Waymo automated taxis have taken over! Not sure what is more depressing that or trying to get my automatic door locks on my 87' Audi quattro to work 😂. We are all so fooked
In Germany we have a massive shortage of healthcare workers. Young people will more and more go into that industry. Additionally we need to boost domestic consumption. It’s actually good if we decrease exports, as Germany has a massive export surplus. Also it will mean we don’t need to import as many workers from other countries. We also need to massively invest in our infrastructure.
Fewer cars on the road means less money to build and maintain those roads. What we need is a lot more remote-control robots - not AI, but people working from home to operate a robot at work. The savings in OHS and transport alone would pay for it.
All those jobless VW BMW workers can move to Brandenberg Tesla factory, heard Tesla is expanding😂
Maby german gov regrets closing all their nuclear plants now…
ICE vehicles have EVOLVED over many years, more than a century, in fact to what most of us drive today.
What we're about to experience, however, is the next big thing that will happen through REVOLUTION, that only the fittest that are able to adapt will survive.
Horse breeders and buggy builders probably went through this as well...
We went from a horse -> car. Big change. Now we going from an engine car to a battery car. The car still performs same function. This is not REVOLUTION…it’s called hype…
This is a revolution forced by government mandates. It never turns out well.
@kalex381….Modern EV’s are computers on wheels, they are not simply cars with a different drive train…to not grasp that is to not understand the scale of the revolution which is destroying the legacy car makers!
The car was a cheap adaptation and was a positive cash flow for families in the early 1900’s. Battery powered vehicles are not. There yet. I hope they get there. I need a cargo van that can do 600 km’s in the winter with the heat on. Still haven’t found one because no one makes them.
@@dougm659 can you elaborate more on this? What EVs do differently today compare to ICE? why can’t you have a computer screen on an ICE car?
Love the way Electric Viking never talks about the Chinese EV companies going under. Self-reflect a little, China's EV industry is built on the back ot foreign IP, subsidies from the CCP (some of which are probably going to you), and just about every month, Chinese EV companies go belly up. Sure, they have hundreds of them, but what's that say about China's supposed long-term planning?
Cyprus which is part of the EU, is offering €30,000 discounts on 2nd EV's, that's how bad things are. EV's are just to expensive to start off with, who in this day & age can afford an €80k EV, with a salary that's remained the same since 2010 & then Germany comes along & penalizes you for driving an old banger
👍
What Electric Viking described is exactly what happened to the Holden/Ford auto industry in Australia. Once the core auto activity slows, or ceases, it is obvious that car parts and accessories are o longer needed. Sadly, it is not just the job losses at the car plants, that is actually quite small in comparison to the magnitude of job losses in the industries associated with the car plants. A thousand job loss could potentially mean a ten folds disaster for the rest. Even the small coffee shops and corner stores were affected ! Not nice !
Same problem has happened before in Michigan (Detroit) and will happen again
😂欧洲人，在这个频道，还是如此的守旧，真的难以想象。。电动车，用电机的车(包括混合动力)，有智能驾驶的车，和燃油车，是两个时代的产品，和价钱无关，和环保无关。电动车的可发展性比燃油车大多的，每年都有新的技术，电控的精准性是燃油车不能比的，电池的难题迟早会克服的(固态电池)。同样价钱，加速更快，更安静，更省油，更智能，配套更多，可玩性更多，外放电露营(场景使用更多)，特别是长途的智能驾驶，非常好用，未来更加智能化(远远没到尽头)，而燃油车，已经是尽头。。
但你们还停留在，还是环保😂😂😂😂
😂Europeans are still so conservative in this channel, it's really hard to imagine. . Electric cars, cars with motors (including hybrids), cars with smart driving, and fuel cars are products of two different eras, and have nothing to do with price or environmental protection. The development potential of electric cars is much stronger than that of fuel cars. There are new technologies every year. The accuracy of electronic control is incomparable to that of fuel cars. The battery problem will be overcome sooner or later (solid-state batteries). For the same price, it accelerates faster, is quieter, more fuel-efficient, smarter, has more accessories, is more playable, and can be used for outdoor camping (more scenarios), especially long-distance smart driving, which is very easy to use and will be more intelligent in the future (far from the end), while fuel cars are already the end. .
But you are still stuck in environmental protection😂😂😂😂
Fully agree, it's becoming a digital platform. We could see this in cameras, printing. It is a new era as you stated.
Interestingly enough I returned to China today and my taxi driver was driving a brand new KIA gas powered sedan with a 5 speed transmission. I asked him why he didn't buy an electric vehicle (through my translator), and he replied that he often had to drive long distances. So even in China where they have as many charging stations as gas stations, the population is still a little reluctant to buy electric. And/or he got a hell of a deal on the gas vehicle, as I hear many foreign brands are selling for up to half retail price. But I agree, the future is fully electric, but it will take awhile, even in China.
@@williamlewandowski129你们外国人对中国一无所知，更加对电动车一无所知，比亚迪销量最高的是混合动力，可以用汽油，而50万+销量最高的汽车，也是混合动力，你还是停留在汽油和电的认知，估计你不知道电动车的核心价值，并不在于是用电还是油，而是电控精准的控制，对四个轮的精准控制，我们中国人，从来不拘泥于环保，电还是油我们并不在乎，本质是电动车可以做到的油车做不到，可发展性根本不在一个层面，电动车可以通过对四个轮的调节让在雪地，沙地更好的控制，就像比亚迪最近一个月新出的模式，低速度高扭力可以更好的克服地形障碍。电还是油，真的不重要，重要的是能力。
You foreigners know nothing about China, and even less about electric cars. BYD's best-selling model is a hybrid car that can run on gasoline, and the car with the highest sales of 500,000+ is also a hybrid car. You still stay in the understanding of gasoline and electricity. I guess you don't know that the core value of electric cars does not lie in whether they run on electricity or oil, but in the precise control of the electronic control, the precise control of the four wheels. We Chinese have never been obsessed with environmental protection. We don't care whether it is electricity or oil. The essence is that electric cars can do what oil cars can't. The development is not at the same level. Electric cars can adjust the four wheels to make them better controlled on snow and sand, just like BYD's new model released in the past month, low speed and high torque can better overcome terrain obstacles. Electricity or oil, it really doesn't matter, what matters is the ability.
@@williamlewandowski129 sure, there are always specific applications. While the world uses digital photography (electric car), there are still applications like x-ray at the dentist that require or are less expensive with analog film (ICE car). Just imagine a security scanner / x-ray machine with analog film (and processing) at the airport - impossible.
Great assessment Sam!
German government and EU's energiewende is a catastrophe... Every European citizens is already affected in some way..
Has anyone got a video of electric Viking actually in and electric car I've looked through his videos and it's mostly just him reading I other people's work?
Sam,
I am shocked that you do not understand why costs are so high now in Europe. Germany in particular has suffered due to the loss of cheap Russian oil and gas imports. This is a self inflicted wound. It is caused by the imposition of sanctions on Russia. The USA is responsible for the destruction of the Nordstream gas pipeline which once supplied Germany with cheap Russian gas.
“Most of us will be out of work!” What a scary future for us and our children.
I'm from Netherlands and work in Automotive. Covid created problems with microchip supplies, then EU regulations requires more and more from emissions ADAS systems and has subsidized EV vehicles greatly. Then Russia invaded Ukrain and energy prices have skyrocketed. Since we rely on China for EV batteries and suspected China subsidizing their own EV vehicle prodcution, we got into a fight about taruffs which we seem to be on the losing end. Maybe EU car manufacturers still think about China producing Landwind type of vehicles and didn't worry for too long
It's a good thing that NO EU OEMs receive government subsidies of any sort whatsoever, right? ;)
Amazing research.
Appreciate you!
US: and then you will close down your nuclear plants and refuse cheap Russian energy
Germany: yes my lord
The errand boy have not wake up.
These were both "own goals" but the economic repercussions of cutting themselves off from cheap Russian gas in order to please war mongers in Washington is beyond crazy.
It seems like they won't recover. In the meantime, Russia is compelled to sell the same cheap gas to China giving them even more advantages in manufacturing.
@@randygraham926
There's no compelling. You won't buy, I'd sell them to others. Nothing personal, just business.
If we are all out of work, who buys the cars?
All?
*Governments* the world over had better plan to implement *UBI* (†) or the only growing job markets will be *police, jailers, and undertakers.*
*UBI* will keep you alive but if you want anything more/better, you'll have to _get _*_creative._*
†) *Universal Basic Income*
mexicans and asian people
Nobody. Net Zero achieved.
What adds to the slump in demand is a lack of young adults due to falling birthsrates and the high prices of real estate...who can afford to buy new premium German cars?...they will have to refocus on cars between 20k and 30k..keep cars simple...
Yes, in order to sell EVs below costs, car manufacturers have to raise the ICE prices. People simply can't afford ICE or EVs and the sales are going down. That's the price parity we wanted.😂
But Tesla can sell at a profit. Legacy auto didn't want learn from Tesla. They're only waking up now.
Strongly agree in the advice to invest.
You often suggest "learn to code," but as someone in IT for over a decade, I can tell you that the IT has been in a recession for almost two years now. The combination of lower demand, a huge surplus of developers, and advancements in AI has created this situation. We in IT were actually the first to enter this recession, which will eventually affect all industries, including car manufacturers. People don’t realize what’s coming their way. Most of CEO's I know reduced headcount by average 20%-25% last two years, some even much more.
Are you a real developer with real concrete coding skills? Just curious. AI if anything just increased the demand for people who have a deep understanding of the coding.
@@eduard348 Yes, I have more than 15 years of software development experience. The problem is not related to skills but rather to lower demand, shorter projects, more expensive workforce, and late payments from clients.
@@reframeservices more expensive workforce means higher demand for the knowledge doesn't it? Genuine question, so far I thought that the layouts mostly covered bloated staffing projects of COVID years.
@@eduard348 What kind of logic is that? A more expensive workforce doesn’t equate to higher demand. It equates to high-quality software developers doing the work of two-three people with the help of AI for the same or at best 20% - 30% higher salary -assuming there is demand and ongoing projects.
@@reframeservices I would understood it if it was written as higher workload, nvm man just wish you'll do well nevertheless.
There's also an energy problem as well
Who knew blowing up the Nordstream 2 would have consequences. No cheap energy from Russia means paying 4x from the USA, making cars much much more expensive.
Just looking at gas prices in Europe (data from Trading Economics) and although slightly higher than the long term average it's not 4x. Who knew invading a sovereign country in Europe would have an effect on the aggressors economy.
It is not 4x. It seems to be about 2x at the most, in the midst of unfavorable weather in places like Germany tanking renewables.
@@unconventionalideas5683 Germany mothballed the nuclear powerplants, that was their stupidity. They did this to themselves. They have the choice of adapting or not.
Who knew reliant on Russia oil and shut down power plants were good ideas.
Land Rover in England, don’t seem to be having this problem. As they are advertising for people to work there.
The high price of energy is a huge problem for Europe.
Still cheaper to run EVs than petrol or Diesel cars.
Turn on the pipeline.
@@l.j.r.8448 Won’t make enough of a difference.
The question begs to be asked what were European car manufacturers not doing 15 years ago that they should’ve been doing?
Drat me ! Who didn't see this coming 5 years ago ? Well, VW & Mercedes, obviously. P.S. In the 1980s we in Britain were told how well the unions and management worked together in Germany. You have just revealed the work-shy truth.
Most economists saw that coming more than 20 years ago with all the overcapacity even then!
Economists don’t see anything. Idiots all. An economist is a waste of space.
Your speaking the truth
No longer more noise than power. No more gutless wonders. No more shaking, no more stink. The new technology turns an econobox into a much superior machine that is quiet, clean and makes effortless power. But the industry resisted and denied and continued to bamboozle customers with two hundred year old firebox technology that leadership knew was decades out of date. Never has a butt kicking been more deserved.
Perfect comment.
But “leadership” will be paid off…
clean ...you are joking fool..the worst pollution just mining the battery minerals ..the water used to refine these totally destroys landscape, dont forget child labour supplying to china and othr countries
used batteries are going to pollute the environment forever
what damage to the planet when coal and gas and oil are used to make all the crap that goes into these cars .
china is polluting their world burning coal supplying these terrible batteries with such dangerous chemical and minerals -
scrap evs they silently pollute way worse than combustible engines just manufacturing them and they when they are at end 5-10 years i hope they send these batteries to pollute your land ...
ev buyers dont know what is happening to make these things nor do they try and think about the huge problem batteries will be when u cannot just r fit them ,,they are sapped out and theres all this lithium and cobalt ready to kill our planet and leach into water as well..
hydrogen must be the true way to stop this madness
@@gbw28No. It's a perfectly stupid and completely backwards comment. All that happened with EV is that the tailpipe got moved all the way back to the thermal poweplant. On top of that, over 500,000 lbs of mining tailings accumulate for EVERY EV battery produced. Who is going to pay to clean all that up? The only reason you can buy solar panels (relatively) cheap is because China uses slave labor to make them with no environmental controls. Hundred of Chinese workers lose their lives every year due to PV panel chemical accidents. None of this ever makes the news, so dingbat western commenters like the one above can feel good about their simpleton, propagadized progressive EV street cred. On top of all this, the CCP subsidizes most shipping so even that cost isn't paid by the self-lauding North American PV consumer. China has, in the end, wildly succeeded in EV and PV dumping, putting all western competition out of business. You idiots got played.
electric cars predate '200 year old fireboxes', such as the Flocken Elektrowagen, and together with steam cars were the first true horseless carriages. Also modern fireboxes are incredibly efficient. In fact, many are so clean that the emissions from the exhaust are cleaner than the atmospheric air going in.
I work in musical instrument making. My contacts in France say that absenteeism at the biggest manufacturer ( I won’t specify ) is 15% a month. It’s cheaper to keep the problematic workers employed than it is to dismiss them.
Sam … can you start looking at ways to prepare, besides investing (in Tesla)? Start looking at what impact all of this will have on humanity. Will UBI work?
UBI can be the solution but it requires the will to transform society and redistribute wealth. There is no reason the whole population can't live at a decent standard with current productivity which will keep growing with automation. It's a question of spreading the spoils of AI and robots. Which country will lead the way?
Since the pandemic, followed by the Ukraine war, the incompetent EU bureaucrats and incompetent European elite have devastated the continent.
We have lost ALL of our competitiveness in an amazingly short time. The Nord Stream pipeline going Kaboom was our final death sentence.
Jobs and businesses will be gone in Australia too. Not that we had anything productive anyways. Forget about cars, cos the grid cant cope with just the lights and aircon let alone EV cars. So lets be real, back to horse and cart cos that brick will be a brick. Going backwards to pushbikes and walking is the future of this country.
EVs will literally become the grid as VTG sales ramp up
One day, solar panels will be so efficient that one doubling as the car roof can keep the car battery charged almost all the time. No charging station will be needed.
Going the same way as the car industry in OZ
Great work Germany embracing the green economy !!! You destroyed urself chasing BS
Germany cut themselves off from cheap Russian energy on orders from Washington. You can't have competitive industries in Germany any longer primarily because of that act of self-destruction. Energy costs are soaring ......
I don't know about that but I think they're guaranteed somewhere around 28 days a year for holidays and there's some other extra
The good and luxurious life styles of the EU that were achieved at great cost to the global majority is coming to an inevitable end. The global majority is catching up to the shenanigans of the global minority.
Diversity will save Germany. They need to bring in more Syrian engineers and Afghan scientists.
No German up for the job of saving?
Might as well elect an Afghani or Syrian as the chancellor.
@@FrankiePo89 coming soon
@@Rampart.X
Afghani chancellor or Syrian?
😂
Bigots never wast their chances... Who helped build Germany's manufacturing prowess in the 70s, 80s, 90s? Who made up the grunt of the workforce that was making Benzes, Wagens, Bimmers that were then sold to the rest of the world at 30% margins and more? Remove the millions of immigrants out of the equation and Germany would be no different than Austria or Italy today. I live in Germany. I worked with foreign communities, turks, slavs, africans. No difference whatsoever between them and the "natives". Germany will not be saved by diversity. Germany was built by diversity. Germany without "diversity" is not something that we want. Germany without "diversity" screwed the world a good couple of times.
Thanks for you content
My pleasure
Blimey Sam every time I watch one of your videos I get more depressed. Any chance we could have something more technology based away from the great take over by China?
Who could have seen it coming!!!!
Call me stupid or whatever. If Seba is right and AI robots take over the workforce, who's going to buy the cars or anything else? And who needs a car if nobody is working? If robotaxis become so cheap and EV's become million mile cars then the EV market will collapse as well, what happens to auto sales if cars last forever? This whole scenario seems like one big feedback loop. If this happens, governments will have to create a guaranteed income for everyone? With what money? Government money comes from taxes and taxes comes from people working. The circles keep going 'round and 'round. See the problem here?
When factories close in Germany, all those laid off will become expert unemployed TH-camrs….job of the future.
Yes, and no one has an answer for that. The future is unknown.
it's like a giant tower built of glass. I has to collapse some time.
Everyone had to drive to get to work, so everyone forced to buy cars and take in all the costs of ownership. A car is the most expensive thing a person owns other than a house, yes? It's a system that was always too expensive. We can't imagine life without cars, right? That means we're trapped and we can't see a way out. It's basically a system designed to milk most of everyone's paychecks. Most people who switch to EV know it's much cheaper to own. It's a secret that the majority don't know about.
New industries mate. Back in early 1980s, the company I worked in had a big typing pool of girls typing documents for us engineers. I once typed my own meeting minutes and nearly started an industrial strike as I did their job. Now where can you find an organisation still maintaining a typing pool? Perhaps Germany?!
Thats is part of the problem, looking at the future whilst trying to stay in the past. We need to adapt our economies and policies. Governments tax the economy and that can grow massively with less human input and cheaper energy. It's really energy and human time that makes things cost what they do. It's going to be a disruptive 20 years because we aren't planning ahead but then it's rainbows and unicorns as one AI expert put it.
Might as well call it superautomatuon like rethink x's superpower.
Germany has had to fire up its coal powered electricity generation since they shuttered their nuclear generating stations.
Shortsighted hubris on an exceptional level!
I’m for clean energy and coal isn’t it and it’s expensive. Germany has no cheap energy from Russia now and this has also driven the cost of producing anything in Germany and the entire EU to insane levels. The only solutions with the present governments of the EU is for production to leave to other far more competitive countries.
Unless the Germans could convince their big brother to sell oil and gas to them at the same cheap prices as the Russian. Yeah, pigs can fly if that happens.
Pretty hypocritical to ban oil based fueled cars and not even consider Building Small Modular Reactors (SMR's) or other New Nuclear Plants as will be running in Canada soon ??
You are agumenting against the trend. Renewables were on a record high at 2024 and Energy prices are coming down at germany and will continue so.
Its like the UK was 40+ years ago, on Germany costs when I worked for Nissan - 30 years ago the parts suppliers were moving production out of Germany due to cost - one piston supplier moved our production line to France with a high tech line to lower the cost, one supplier commented that Ford purchase had told them they expected in the future German supplied parts would be too expensive, China made parts cost they may not be that low a cost, some years ago a well known diesel component supplier had set up a plant in China originally yes it was cheaper but actually taking into account full costs this was not the case - now that depends on exchange rates, scrap rates and so on, its not always the case China production is a lower cost, yes labor is a factor but not all costs are labor. I have worked in the automotive industry for more than 50 years and over 22 years in China , ICE is done there is no going back, the speed of China is unbelievable and a very tough market the legacy companies cannot compete, it will become worse the next few years for all Tier1's not just hardware, but lubricants as well.
Hi gary do u think nissan sunderland is going to be finished I'm waiting to start at the aesc battery plant chinese company to make the batteries mainly for nissan I just don't no what to do was ment to start around March April what is your opinion I would appreciate any advise !!
Congratulations to Davos and ESG. Well done setting these unrealistic goals and damn with the consequences.
I researched Chinese websites to explore the available models and pricing in China, and it’s clear that the market there is very different. Currently, Europe doesn't have any competitively priced electric vehicles. Prices can only drop significantly if European production is nearly non-existent, much like what happened with solar panels. I don’t see that happening.
And the net-zero delusions of the EU/Governments strike again...dumb policies produce devastating outcomes.
Whouda thunk it.
Without government subsidies EV sales will drop like a stone. Already happening in Europe, where people chose hybrids instead of EVs.
And the big surprise is waiting for them, when those microscopic hybrid batteries will start dying like flies in a few years, and the replacement will be anything but cheap.
If there is too big economic impact on Germany, then EU🇪🇺 will just give longer lifetime to ICE and abandon strict environmental regulations for nearest future. 😌
U.S. will do the same, I fear. To heck with saving the planet when they have moronic CEO's to save! CEO's that ignored what was coming so they could sit on their fat, greedy, lazy arses.
And that will help how? The EU will then completely lose their hold on the Asian and American markets and we'll be eating bread with water for the foreseeable future... What we need is to start diferentiate ourselves once again and compete in tech, quality and efficiency once again. We need to get rid of all the mba bloat that sucks the life out of our industries.
Thanks for all the research you do very interesting.
I listen to a lot of content a few questions Germany has been into alternative energy sources for a while their prices are high.
Hertz car rental sold their EVs is there a explanation of why?
Cheers again
This is just the beginning, at the end there will be no EU😢
Every cloud…
The same happened in the US as the country shifted to a service based economy from a manufacturing economy. It is too expensive to manufacture in Germany unless it's high end manufacturing. It's similar to Singapore, which engages in high end aerospace work.
Sam is all giddy at the prospect that these fired European workers will solve their problem by buying Chinese EV’s. 🤣However, the consequence of the crisis will come in the form of massive political change. The ICE age cometh, Sam.
This happened in the UK many years ago manufactures are living on reputation and union dominance with new tech coming and not changing fast enough very black clouds on the horizon rolling far to fast for governments/ manufactures.