Green Energy

Yes, Germany pushed though an "synthetic fuel" exception, but that will be a niche product compared to electric cars.

The main "problem" is that European car manufacturers think small and efficient EVs are not profitable enough, thus they are neglecting that market or even cancelling their existing offers. This of course has a lot of knock-down effects, and with foreign luxury brands also being slowly pushed out of the Chinese market, there is really not much left these European companies can do to keep up their high profit margins (which directly relate to C-suite compensation, hence the big focus on that at the top).