Europe » should reconsider its plan to prohibit the sale of new fossil fuel-emitting vehicles by 2035 in order to lessen its dependence on China’s battery supply chain and leverage its own technological capabilities, BMW CEO Oliver Zipse » asserted on Tuesday.
Zipse, a strong proponent of embracing a variety of technologies—including e-fuels, biofuels, and hydrogen fuel cell vehicles—pointed out that Europe appears to be adopting a more pessimistic perspective on the future. He stressed the importance of a new regulatory framework to enhance competitiveness in the automotive industry.
“Modifying the 100% battery electric vehicle (BEV) » target for 2035 as part of a comprehensive CO2 reduction strategy would reduce the reliance of European manufacturers on Chinese battery supplies,” Zipse remarked during the Paris Motor Show. He also emphasized that a technology-neutral approach in policy formulation is essential for sustaining success in the market.
In March 2023, EU member states enacted a groundbreaking law mandating that all new cars must emit zero CO2 by 2035, effectively banning the sale of petrol and diesel vehicles. This legislation also includes a target for a 55% reduction in CO2 emissions by 2030 compared to 2021 levels. Read More »
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