Western car manufacturers are making what one former boss calls a
“profound strategic mistake”
as they pull back from electric vehicles (EVs) and refocus on the combustion engine -- just as oil prices are soaring once again.

Experts say the industry’s future
– and that of tens of millions of jobs
– could be on the line.

This time, however, the threat is from China.

https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china?CMP=Share_iOSApp_Other