Shift Away from ICE Vehicles
The automotive industry is undergoing a significant transformation, with many countries and companies shifting towards electric vehicles (EVs) and alternative fuels. However, this transition has been slower than expected, and many German manufacturers have been caught off guard.
The shift away from ICE vehicles has created new challenges for German manufacturers, who are struggling to adapt to the changing market. Many have invested heavily in traditional manufacturing processes, which are not well-suited to the production of EVs.