European auto makers are failing because they can't make EVs that the market wants. And the market doesn't want their ICE vehicles either. They over-focused on very expensive high end EV vehicles. That's why they are hurting, it's not because it's EVs.

European ICE vehicles are losing out in China because people there don't want to buy any more gas vehicles, at least most people are getting there. VWAG is losing marketshare in every segment that I see. It's not green power that is killing them, it's not many good cheap vehicles that are killing them - gas or EV.