Financial Times (July 28)
“More than 420,000 auto jobs in Germany could be imperilled by a 2030 ban on combustion engine cars” that’s currently under debate. “The beguilingly deceptive electric car… might look like any other car from the outside but inside, it is more like a computer on wheels.” For example, UBS analysts discovered a Chevy Bolt “had just 24 moving parts compared with 149 in a VW Golf, mainly because electric motors are so much simpler than combustion engines.” Moreover, it was much cheaper to produce than expected, leading to their conclusion that “with further cost falls likely, electric cars would probably disrupt the industry faster than widely understood.
Tags: Auto jobs, Ban, Bolt, Combustion engine, Disruption, Electric cars, Germany, Golf, Imperilled, Moving parts, UBS
