Time is running out for European carmakers, which have waited until the last min...
) hundreds of millions of euros to pool emissions scores with its electric cars and escape penalties.For years, image-conscious mass automakers have placed electrified models at the center of their show stands but near the margins of their commercial offerings. Only now will they be forced to sell them in large numbers, challenging profitability.
“Market acceptance of a lot of this tech and exactly what people are willing to pay remains very, very unclear,” said Max Warburton, an analyst at brokerage Sanford C. Bernstein. Many electrified offerings are arriving just in time - or in many cases too late - for deliveries to begin in January, when less efficient models will also become more scarce.
Renault , heavily reliant on its ageing Zoe electric car, is rushing to add hybrid versions of its Clio and Captur subcompacts now expected in the second quarter of 2020. Industry executives expect the cull to be replicated by other carmakers, hitting European automotive jobs already threatened by the shift to electrification.
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