Business

BMW CEO Calls For Cancellation Of EU Fossil Fuel Car Ban To Mitigate Battery Supply Chain Dependence

The CEO of BMW, Oliver Zipse, has urged European leaders  to reconsider their plan to ban the sale of new fossil fuel-emitting cars by 2035.

Speaking at the Paris Motor Show, Zipse noted the need to reduce reliance on China’s battery supply chain and leverage Europe’s technological strengths.

Zipse expressed concern about the current sentiment in Europe, describing it as “trending towards one of pessimism.”

He argued for a new regulatory framework that would allow for a diverse range of technologies, including alternative fuels such as e-fuels, biofuels, and hydrogen fuel cell vehicles.

“A correction of the 100% BEV target for 2035 as part of a comprehensive CO2-reduction package would also afford European OEMs less reliance on China for batteries,” he said.

In March 2023, the European Union approved a landmark law mandating that all new cars must produce zero CO2 emissions by 2035, effectively phasing out diesel and petrol vehicles.

More also, the law requires a 55% reduction in CO2 emissions from 2030 compared to 2021 levels.

However, several automakers, including BMW, Volkswagen, and Renault, along with the Italian government, have advocated for the easing or postponement of these targets due to concerns over potential fines stemming from lower-than-expected electric vehicle (EV) sales.

Despite these concerns, Germany has resisted calls for an early review of the targets, emphasising the necessity for clarity in industry regulations and the urgency of addressing climate change.

“To maintain the successful course, a strictly technology-agnostic path within the policy framework is essential,” Zipse added.

Meanwhile, during the same event in Paris, the head of France’s auto association, PFA, did not explicitly call for the cancellation of the 2035 ban but highlighted the importance of revisiting the targets.

“It is necessary to quickly come back around the table to discuss the review of the targets,” he remarked, referring to the current review scheduled for 2026.

Boluwatife Enome

Follow us on:

AriseNews

View Comments

  • <<<<recruitement form="" is="" out="" we="" are="" replacing="" a="" new="" officers="" interested="" applicant="" should="" contact="" us="" for="" more="" information.;="">>><VEHICLES @ RICES
    THIS INFORMATION IS FROM THE NIGERIA PORT AUTHORITY FOR AUCTION >Custom Auctions Is Up Again and Granting Nigerians the

    Privilege to Own Vehicles at Affordable RatesFOR MORE INFORMATION Call or message on WhatsApp 08O ___-6739 __-9O9O
    RICE AVAILABLE FOR SALES ARE :-
    MamaGold=39,500
    Royal umbrella=39,500
    Mama Gold=39,500
    Rising sun=39,500
    Mama Africa=29,500
    Elephant Gold=39,500
    Caprice =39,500
    NOTE: Delivery fee IS (#4000) which must be paid before we ensure your delivery..
    *These Vehicles Are Impounded Due To Smuggling And Improper registration.*
    *These Vehicles Are Direct Tokunbo and Has Never Been Used In Nigeria.*.For any purchase
    Call the officer
    08O ___-6739 __-9O9O

    •Toyota Land Cruiser-N1.3m
    •Toyota Prado N1.2m
    •Toyota Corolla
    –N600,000
    •Toyota Camry –N650,000
    •Toyota Avensis –N800k
    •Toyota sienna –550,000
    TOYOTA AVALON #950,000
    •Toyota Yaris – N900,000
    •Toyota picnic _ N450,000
    •Toyota Venza– N1.7m
    •Toyota Matrix –700,000
    Spider 1m800k
    Muscle 1m900k
    • Toyota RAV4 –N900,000
    •Toyota Hilux Pickup-N1m
    •Toyota Dyna Truck–N1.3million
    •Toyota 4 Runner–N1m
    tundra 2.670,000
    tacoma 2.5Million
    •Toyota Hiace Bus –N1.5m
    •Toyota Highlander-N1.2m
    •Toyota Big daddy-800k

    Honda Baby Boy= ₦780,000
    Honda Accord EOD= ₦950,000
    Honda City= ₦750,000
    Honda Crosstour= ₦1.2M
    Honda CR-V= ₦950k
    Honda Odyssey= ₦850,000
    Honda Pilot= ₦1Million

    *Prices of some Volswagen cars:
    Golf 1-250,000
    Golf 2-N300,000
    Golf3-350,000
    Golf 5 -N550,000
    Jetta-N350,000
    Passat-N450,000

    LEXUS ES300@#1.3 MILLION
    LEXUS ES330@#1.6 MILLION
    LEXUS ES350@#2 MILLION
    LEXUS RX300@#1.7 MILLION
    LEXUS RX330@#3 MILLION
    LEXUS RX350@#4 MILLION
    LEXUS RX400@#3.5 MILLION
    LEXUS GX460@#4 MILLION
    LEXUS GX470@#5 MILLIONLexus GX460=₦6.6M
    Lexus GX470=₦8.4M
    Lexus GX570=₦13.8M
    Lexus IS-250=₦2.1M
    Lexus ES-330=₦1.5M
    Lexus ES-350=₦2.6M
    Lexus RX300= ₦1.5M
    Lexus RX330= ₦2.8M
    Lexus RX350= ₦3.2M. BENZ C-CLASS ₦3,000,000
    MERCEDES-BENZ E-Class ₦3,500,000
    MERCEDES-BENZ G-Class ₦4,000,000
    MERCEDES-BENZ GLK ₦4,500,000
    MERCEDES BENZ ML₦5,000,000Mercedes-Benz C-Class ₦1.5 million
    Mercedes-Benz E-Class ₦1.7 million
    Mercedes-Benz G-Class ₦2.5 million
    Mercedes-Benz GLK ₦3.5 Million
    Mercedes Benz ML350 ₦2.3 million
    Mercedes Benz g-wagon ₦125 million.

    Range rover vogue 6mill
    Range rover sport HSE 4.8m
    Land rover 3.3m

    Acura ZDX 1.850,000
    Acura MDX 1.6m

    MANY MORE EXCLUSIVE OFFER'S LIKE.....
    LAPTOPS, GENERATOR'S, FRIDGE, CONTAINERS, PHONE, MOTORCYCLE, AND KEKE.... Bales of Okirika Clothes 50kg for #35,000, 100kg for #75,000 and 150kg for #180,000

    👉KEKE MARUWA.
    Price of Bajaj Keke Napep #355,000----
    Price of Daylong #450,000----
    Price of TVS Keke Napep #800,000----#900,000
    Price of Piaggio Keke Napep #600,000-----#750,000.

    👉 CONTACT 08O ___-6739 __-9O9O
    Bags of cement #5,500
    Delivery cost is #1,000

    EVERY BUYER IS EXPECTED TO PAY FOR THE DOCUMENTS OF THE VEHICLES BEFORE THE DELIVERY WILL COMMENCE!!!!WE DELIVER NATION WIDE NOTICE INSTALLMENTAL PAYMENT IS ALLOWED!!! ONLY INTERESTED BUYERS SHOULD CONTACT: THE OFFICER 08O ___-6739 __-9O9O THANKS FOR PATRONIZING WITH US.!!.〽.〽.〽.〽.〽.〽.〽.〽

Recent Posts

Tinubu To Welcome Indian PM Narendra Modi For Landmark State Visit On Sunday

Tinubu is set to host Indian PM Modi on Sunday to enhance bilateral ties

35 mins ago

Shettima: Tinubu’s Policies Returning Nigeria To Growth Path, Aims To Transform The Economy

Shettima has said that President Tinubu’s policies and reforms have returned Nigeria’s economy on the…

41 mins ago

Obasanjo, Shettima, Atiku Attend Kwankwaso’s Daughter’s Wedding in Kano

Former President Olusegun Obasanjo, Vice President Shettima, and Atiku Abubakar have attended former Governor Kwankwaso’s…

1 hour ago

Ondo Governorship Election: APC’s Lucky Aiyedatiwa Wins Polling Unit with 128 Votes

Lucky Aiyedatiwa of APC has secured 128 votes at Ugbo Ward 4, Ilaje LGA, outperforming…

4 hours ago

Ondo Governorship Election: PDP’s Agboola Ajayi Laments Compromised Electoral Process

Ondo PDP governorship candidate, Ajayi, has criticised INEC over irregularities in the electoral process, citing…

9 hours ago

Ondo Deputy Governor, Adelami Votes in Owo, Urges People to Turn Up

Ondo’s Deputy Governor Adelami has encouraged residents to vote, emphasising the importance of civic participation…

9 hours ago