The altered economic landscape means short term attempts to go “back to normal” are ill advised. Instead, governments and investors will need to look at which areas have a longer-term future and back these to the hilt – and yes, this may be to the detriment of others. In automotive terms, would anyone recommend measures to support the production of a new suite of diesel passenger vehicles while the global economy lag has depressed sales? This is the time to pivot to the development of the passenger vehicles that will be in demand once recovery is here in earnest – and those are electric.
Current 24th July 2020 read more »