The Tesla Shock

BERLIN (Own report) – Decisive sectors of the German elite are holding onto diesel technology, causing the automobile industry to fall significantly behind its foreign competitors, according to US and British observers, who see the German automobile industry soon confronting a “Tesla shock.” Whereas, the demand for US electric automobiles is rapidly growing, in the long run, the demand for German diesel models is significantly sinking. In fact, the German government has been shielding German companies from innovation pressure, by imposing their interests, even abroad. Berlin has not only applied the brakes to the introduction of the EU’s CO2 emission limits, but also to China’s setting electric automobile quotas, to reduce pollutant emissions. In the current diesel scandal, Berlin continues to maintain its policy course.

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