Monday, September 25, 2023

BMW is questioning the end of combustion cars in 2035 and is driving a price war

Europe as a whole, and some countries of the Union in particular, are little or not at all prepared for the transition that their legislators have put on the table for the automotive industry. They want to abolish all combustion cars by 2035. With all. The EU plans to ban these cars from driving. However, there is a possibility that this can be fulfilled more and more remotely.

The CEO of one of the most important brands in the industry, BMW, Oliver Zipse He has recently made a number of statements questioning whether the EU’s 2035 deadline for phasing out internal combustion engines can be met.

Zipse is confident that this will be the case by 2026If the review of this legislation is planned, the European authorities will check whether the European charging infrastructures are still far behind the existing plans and expectations and whether there are many countries where their development has not yet started directly. “They wouldn’t intend to review the legislation if they were sure everything was in order.said Zipse.

In any case, the CEO of BMW was confident in his brand’s ability to be competitive in any scenario, given the severe imbalance in vehicle ranges designed for the most popular strata. Brands whose business is mainly in segments with lower purchasing power, since China has become a major competitor for these companies.

“The basic segment of the car market will disappear or will not be covered by European manufacturers, Zipse said, recalling that Chinese brands like BYD are already fiercely competitive in this segment and adding that they specialize in building electric cars at competitive prices.

And that’s it China has developed into the world’s largest automobile market is creating a consolidated electricity industry where they are increasingly capturing more market share in the battery supply chains. And here Burns identifies the other major problem of Chinese competition: The European companies that make the most cars Not only will cheap cars struggle to get the raw materials needed to make electric cars, but they will also struggle with the slow development of electric infrastructure.

World Nation News Desk
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