5 September, Thursday, 2024
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HomeSourcestelegraph.co.ukThe West is waking up to the true cost of net zero

The West is waking up to the true cost of net zero

In mere months, in both Europe and the US, what was considered politically locked-in is now being challenged across the spectrum

Brits or Europeans might not have taken note of the ongoing strike by United Auto Workers (UAW), nor of the fact that Donald Trump chose to host them at a rally in Michigan instead of participating in the GOP primary debate – just a day after President Joe Biden had joined the workers on the picket line near Detroit.

Yet, the strike’s relevance lies not only in Michigan’s central place in America’s complicated electoral politics. It is also a harbinger of political battles as the Western world, and Europe in particular, transition to electric mobility. 

Most importantly, it is yet another warning to Europe that an overly ambitious green agenda can have unintended consequences, especially given the extraordinary size of its car industry.

Today, automobile manufacturing, an industry with a total revenue of over €500 billion last year, accounts for roughly 5 percent of Germany’s GDP and 7 percent of its workforce – or some 800 thousand workers. The numbers are even higher in neighbouring countries that are connected to Germany’s industrial base – in Slovakia, half of all industrial production is car-related.

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