Ariane 6 exists so that European countries can get independent access to space between now and 2030s. The launch cost is almost 2x the cost of Falcon 9. Both platforms can lift 22t to LEO. 6-10 years from now Ariane Next/SALTO will aims replicate Falcon 9 efficiency and the design will be very similar: reusable, RP-1/LOX, Prometheus engine is similar reusable open cycle engine as Merlin with lots of 3D printed parts.
The problem with this is, that at that point Europe will be most likely again behind not just Space X, with fully reusable Starship likely being operational but possibly even some Chinese Falcon 9 clones (once they get the hold-down clamps sorted out). Sure, Ariane 6 is a stop gap and likely has some interesting tech that will be useful later on, but it was stupid not starting a full blown reusable rocket program at…
The Ariane 6 program was selected Dec 2014[2].
Reusable vehicles are clearly the way to go but that was a little early to say Falcon 9 was going to be the success it is today.