Chinese Electric Cars...

 Chinese Electric Cars...

Is the dominance and control of European, American, and Japanese companies over the global auto market over?

Will Europe and Japan succumb to the painful taxes this industry is facing on their soil? China's dominance of the European auto market has become clear...to the point that major European companies will eliminate millions of jobs by 2030.

In the hope of saving costs and reducing expenses, even if competition exists. There is hope in competing with China and attempting to gain a share of the global auto market in the electric car sector.

However, the impact of the tariff on European cars in the US did not give European companies the opportunity to reduce the costs of producing electric cars. European car prices in the US market will face fierce competition from inexpensive Chinese cars, even after the tariffs, in addition to Tesla, the American auto giant. Comparing European cars with Chinese electric cars is cheap. The price has led to Chinese cars taking over the streets of Brazil and South Africa.

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The decline in Tesla sales will greatly help Chinese car sales increase worldwide.

In previous eras, European and American companies made huge profits from the Chinese market. Has it now been China's turn to make huge profits from the European and American markets? European companies' sales in the Chinese market, which is horrendous in terms of consumer numbers, have begun to decline significantly compared to Chinese companies. These companies have occupied the top positions in car sales in China for years.

China's restrictions on the export of minerals, which account for 70% of the world's rare earth production, came in response to the tariffs  US sanctions on China... and that these minerals are used in the manufacture of electric cars... and that these restrictions may lead to a halt in production due to the depletion of mineral stocks within only two or three months in most European factories...

All of these blows will affect the economies of the European Union countries, in addition to the customs tariffs on their products to the US... and that Europe has no choice but to turn to African or South American consumers, but not in cars... but to compensate for the loss of exports to the US... and that these countries will not compensate Europe for the American market... but will give them time to reduce the costs of their products... until they return to the American market... with its enormous purchasing power... but the rise in military spending in Europe in general... will complicate the solution to these problems... In fact, Germany, for example, is preparing to renovate the shelters in which the German people took refuge during World War II... for fear of the Russian-Ukrainian war reaching it... This may be a difficult assumption, but this assumption is made by politicians given their failure to stop this war... and that directing funds to... Military spending, instead of being spent on research to reduce costs for European products, will significantly delay the reduction of European product costs. The European aircraft industry may remain resilient in the face of the Chinese giant, which may one day gain a foothold in this field, just as it did in the field of electric cars. This will exacerbate Europe's problems.

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Middle Eastern countries depend on tourism coming to them from Europe. Will these countries begin advertising within the Chinese market to attract Chinese tourists? This is what the coming years will reveal. These countries are waiting to see what happens in the rest of the planet before taking action. Consequently, they understand the right to respond to any action within this planet. if the automotive industry  European  collapses or at least China has taken over 60% and American Tesla 30% of the global market, leaving only 10% for European cars. Reducing costs for European and Japanese cars, and searching for another source of metals other than China at prices close to those of China, is a big challenge facing Europe and Japan.