Europe's car crisis is attributed largely to China, according to a Financial Times article. The report highlights that China's dominance in the electric vehicle (EV) market has led to a significant increase in imports to Europe. This surge in EV imports has caused a decline in European car sales, resulting in a crisis for the industry.

Source: https://www.ft.com/content/b95f9a64-c582-4367-9645-6a7106357849