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![E31 German Car Industry Commits Suicide by Electrification [DrJLT Economics]](https://1a-1791.com/video/s8/1/7/E/Z/G/7EZGd.qR4e-small-E31-German-Car-Industry-Com.jpg)
E31 German Car Industry Commits Suicide by Electrification [DrJLT Economics]
3 years ago
9
The German automotive industry faced off challenges from Asian competitors by a combination of cost-cutting and intense marketing. It just so happens that they are good at both, with marketing being a strength of the Germans before the unification of Germany (NOT re-unification, which happened much later).
However, with today's push for BEVs, the Germans are heavily betting on a technology where they lack the competitive advantage. Wiser would be to find environmentally-friendly (carbon-neutral) alternatives to leverage their industrial advantage.
In this podcast, I discuss all this and more (especially the special interests behind the boom of TSLA).
Please note that all my discussions are my personal opinions only. Nothing is scripted.
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