German car manufacturing is doing badly partly because they suppressed electrical or even hybrid tech, but also because of high energy prices.
High energy prices are partly caused by an irresponsible energy policy. The war in Ukraine is the other part.
High energy prices also affect Germany’s two other staples, mechanical engineering and chemical engineering. The chemistry sector is flatlining.
For context, chemical separation methods alone account for roughly 20% of industrial energy consumption worldwide, and Germany is a major player in this field. So high energy prices have a very real impact which can not be offset onto the buyers forever - the factories will just relocate and once they’re gone, they won’t easily come back.
Germany’s economy is doing fine though. Except for car manufacturers, but that’s not due to renewables.
German car manufacturing is doing badly partly because they suppressed electrical or even hybrid tech, but also because of high energy prices.
High energy prices are partly caused by an irresponsible energy policy. The war in Ukraine is the other part.
High energy prices also affect Germany’s two other staples, mechanical engineering and chemical engineering. The chemistry sector is flatlining.
For context, chemical separation methods alone account for roughly 20% of industrial energy consumption worldwide, and Germany is a major player in this field. So high energy prices have a very real impact which can not be offset onto the buyers forever - the factories will just relocate and once they’re gone, they won’t easily come back.