Absolutely. Porsche are now introducing IC Taycans and other models that were slated to be be EV only, and Merc is moving from the proposed 6 cyl hybrid E Class (E63) to a V8 mild hybrid in recognition that this is what their customers want from them.

European car manufacturers cannot compete with Chinese brands in the EV market, but China cannot match European IC models without many years and billions in R&D.

I expect, with their EV sales faltering, we’ll see pressure put on EU legislators by the premium German brands to pedal back on the EV-only vision, and it might work given how key they are to the German and wider European economy.