Energy & Science
Europe Is the Auto Industry’s One Bright Spot Thanks to EVs
An employee of Volkswagen Sachsen in Zwickau wires a battery on the line for the new VW ID.3 on February 25, 2020 in Zwickau, Germany.
Photographer: Hendrik Schmidt/DPA-Zentralbild via Getty ImagesThis article is for subscribers only.
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The global auto industry has more than $2 trillion in annual revenue and employs millions of people in dozens of countries. It’s also shrinking—at least in terms of what it delivers to customers.