Europe's car industry is in deep trouble. Rising production costs, intense competition from China—especially in the electric vehicle sector—a slow shift to clean energy, and a weakened consumer market have led to plant closures and job losses. Although the EU has imposed tariffs on Chinese imports to create a fairer environment, the industry's future is still uncertain. It hinges on managing geopolitical tensions, investing in battery technology and charging infrastructure, adapting to changing consumer preferences, and driving innovation in areas like autonomous driving.
