To the parent’s point, VW was saying for recent years they were going fully electric. This EU bill doesn’t harm them. In fact, it likely helps them against slower-moving competitors.
It might not hurt VW, but the EUs automotive industry is more than just VW. A lot of it is very specialized suppliers to bigger companies that do stuff like the best gear box etc. Those will be hurt for sure.
Does banning new combustion engines after 2035 really harm the manufacturers? To me it looks like they are all moving to electric.
A lot of the industry is suppliers to manufacturers, not just manufacturers themselves. Those will be hurt for sure as their whole business model is being the best at some specialized part of a combustion car.