Slovakia's auto industry faces painful EV transition
With the help of German auto giants, Slovakia has become a hub for car manufacturing, making more cars per capita than any other country in the world. But will it survive the end of the combustion engine era?
Slowly but gradually the turquoise-green license plates issued for electric cars in Slovakia are becoming more a familiar sight in the country's capital Bratislava. The Slovak government subsidizes the purchase of a new all-electric car with €8,000 ($8,700), and millions are being invested in expanding the charging infrastructure.
And yet, the Eastern European state's transformation toward e-mobility is still in its infancy, and so is its current business model of building cars at low labor costs. Read More…
