Demand for electric vehicles remains too low to replace combustion-powered vehicles in the near future. European companies are focusing on higher production of gasoline engines and environmentally friendly diesel engines.
Automakers are wary of the electrical revolution in their industry. They predict negative impact on financial results in the short term from increased production of electric vehicles. At the same time, the companies provide data on constantly growing sales of gasoline and diesel cars and SUVs. Limited choice and low power do not allow electric vehicles to drive off-road, such as jeeping in the Moscow region, where the UAZ does an excellent job. p>
Automotive representatives note many negative factors affecting the popularity of electric vehicles: low availability, high prices, low coverage and battery life. However, manufacturers are increasingly investing in eco-friendly vehicles. Daimler plans to make all of its models available in an electric version by 2022. Volkswagen has set a similar target for 2030. BMW has announced 25 new electric vehicles and hybrids by 2025. This will allow car companies to adapt to stricter emission standards around the world and reduce sales of diesel vehicles.
Concerned corporations predict that in the short term, changes could negatively affect their financial results. Mercedes-Benz estimates that the new drives could bring profits up to half the cost of combustion engines. Automakers believe the shift from internal combustion engines to electricity should be about deciding on a free market, not top-down standards. This is in response to further reports of planned regulations aimed in particular at restricting the sale of diesel vehicles in France, Germany and the UK.
