Analyst warns that European carmakers must adapt as they move away from fossil fuel vehicles
Carmakers will increasingly find themselves in a race to shut, switch or sell factories producing vehicles with internal combustion engines to avoid being left with “stranded assets”, as regulators set a course for a decade of electrification to dramatically reduce carbon dioxide emissions.
Traditional carmakers are currently playing a “zero sum game” because growth in electric car sales eats into the value of internal combustion engine factories, which “are effectively stranded assets”, a leading analyst has warned.
