this post was submitted on 19 Jan 2026
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That's the one. They're run by absolute pieces of corporate shit, but they do still seem to recognize the market driven writing on the wall.
The pool in Europe is a lot shallower, especially in the wake of the Russia/Ukraine war. They don't have the same access to cheap fossil fuels that the US enjoys, so they're being forced to pivot to EVs entirely due to their regional limitations. They're also competing internationally in a market with a growing Global South demand. Many of these countries are undergoing electrification far faster than they're seeing a petrochemical expansion, in no small part thanks to the high installation costs of pipelines and processing plants relative to electric grids and renewables generation.
The entire EU economy has stalled out with the war. But they've seen a double-digit upswing in EV sales in Latin America, Africa, and the Pacific Rim.