Basically condeming themselves into irrelevance. Ford made the same move last week. In fifty years nobody is going to be being petrol cars anyway. They’re just ceding the ground to China in exchange for some short term profits. Not surprising given they’ve done this before in other industries, but the auto industry is like the last large manufacturing thing Europe has going for it.

: “Make stuff? Nah! Making things is for brown people! We prefer speculation on assets here!”

Also : “The auto industry we decided not to have isn’t as good as China’s! Quick! Pollute now!”

Euro-Saxons admitting they’d rather die than hand any win to foreigners would be funny if it didn’t have massive consequences to the rest of the world.

It’s honestly mindblowing because China is dealing with the repercussions of Westernized ideas of environmental protection (population control and their 1 child policy). The fact China continues to do the right thing regardless is a notch in the belt of Marxism and scientific materialism.

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funny how ai sets such amounts of money on fire that in the realms of green transition, and all are acting like this is fine, and going backwards into huffing petrol

US cracked the whip.