Yeah Europe it's facing an excessive taxation plus excessive regulation. Regulation it's good but it should be small and precise. The excess of regulation in Europe it's only being benefitial to huge corps, that have money to either pay the small fines, or an army of lawyers to either comply or circumvent regulations.
For example, they forced brands to switch to Type-C, everyone here cheered up the EU. This will come back to bite us in the a*. EU's actions were excessive and in the future will hurt innovation since brands will now have to ask permission to EU to come up with new standards if needed.