How The EV Mandate Is Choking Volkswagen

Summary

• Volkswagen is warning of layoffs, factory closings and even overall survival.
• The culprit is the electric vehicle (EV) mandate, which I describe in some detail.
• VW is forced to make cars that consumers aren’t willing to pay for, perhaps at any price.
• The EV mandate has now reached the end of the road: Change policy, or the industry goes down.
• The next move on the chessboard is likely a softening, a delay or outright abolition of the EV mandate.