
It's been a strange and unpredictable year for electric vehicle sales in America and, frankly, for new car sales in general. But if you want to assess the European market, replace the adjectives above with "apocalyptic." Intense competition from China, a weak economy, slowing EV demand as subsidies evaporate and high interest rates have all put the European auto industry in a dismal place. Now, we know the extent of the cuts that management at Volkswagen wants to make, and they are without precedent.