EVs under threat from COVID?
Today’s New York Times (10 March 2020) contains two articles about EVs. Although the articles appear independently, they speak to each other. In the automotive section is one entitled “Tesla’s Success in Europe Catches Industry Off Guard”. It notes that the Model 3 is, after only a few months on the European market, the third-highest selling car in Europe, “outselling competing models by BMW, Mercedes, and Audi.” In contrast, the coronavirus news section of the Times highlights the slowing economy and European government efforts to stimulate demand: “Oliver Zipse, the chief executive of BMW, said last week that European governments should put less pressure on automakers to stop selling cars with internal combustion engines….The most important thing the government should do is not prematurely rule out some kinds of propulsion.”