BMW watched from the sidelines as Audi, Porsche, Mercedes, Volvo, and others announced lofty EV goals a few years ago, only to backtrack in recent months. Munich never vowed to go fully electric within a set timeframe, instead preferring to give customers the freedom of choice. It projects demand will be evenly split between gas … Read more
It’s only been a few weeks since the Mercedes CEO was brutally honest about his prediction for where Europe’s car industry is headed. Speaking with German business newspaper Handelsblatt, Ola Källenius said the EU needs a “reality check” to avoid “heading at full speed against a wall” and even “collapse.” He was referring to the … Read more
The European Union remains committed to banning the sale of new gasoline and diesel vehicles starting in 2035. In the meantime, it has floated a new idea to fast-track the demise of combustion engines by requiring car rental companies operating in the EU to purchase only EVs from 2030. The proposal hasn’t been finalized yet, … Read more