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E31 German Car Industry Commits Suicide by Electrification [DrJLT Economics]
With today's push for BEVs, the Germans are heavily betting on a technology where they lack the competitive advantage. In this podcast, I discuss all this and more (especially the special interests behind the boom of TSLA).
Published by Dr Jiulin Teng on 13 Mar 2022
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The German automotive industry faced off challenges from Asian
competitors by a combination of cost-cutting and intense marketing. It
just so happens that they are good at both, with marketing being a
strength of the Germans before the unification of Germany (NOT
re-unification, which happened much later).
However, with today's push for BEVs, the Germans are heavily betting on a
technology where they lack the competitive advantage. Wiser would be to
find environmentally-friendly (carbon-neutral) alternatives to leverage
their industrial advantage.
In this podcast, I discuss all this and more (especially the special
interests behind the boom of TSLA).
Please note that all my discussions are my personal opinions only.
Nothing is scripted.
