Auto Industry Under Pressure Amid Covid-19
Auto Industry Under Pressure Amid Covid-19
Jul.15 — Nissan’s decision to close its factories in Barcelona brings an end to four decades of vehicle production by the Japanese auto maker in Spain’s second city. This comes as the auto sector is under pressure from the shift to electric vehicles and the fallout from the coronavirus pandemic. Bloomberg’s Laura Millan reports on “Bloomberg Markets: European Open.”
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Electric car industry doesnt have enough resources to cover global demand . Infrastructure is not ready and many issues with reliability battery age, availability of parts , cost, range , accidents etc . yes the market share will increase in the future somewhere 2025+ but electric won’t be the future of vehicles hydrogen and clean gas is the future. This year is an election year everybody is trying to market their BS agenda.
Good
You mean fossil fuel cars? they will be illegal in the next year max. Tesla not suffering – neither their shareholders.