European auto giants launch a flurry of cheaper electric vehicles — taking the fight to China
European auto giants launch a flurry of cheaper electric vehicles — taking the fight to China
www.cnbc.com Auto giants launch a flurry of cheaper electric vehicles — taking the fight to China
Europe's top carmakers unveiled low-cost EVs at the Paris Motor Show this week, seeking to recapture some of the market share held by Chinese brands.
" ... as soon as vehicles come in the right price range next year … people will flock to buy them.”
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Too little, too late.
Nobody should be excited for a race to the bottom, but cars generally have been overpriced and this seems like a pretty normal trend of price correction trying to take shape in this wonky market.
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