via oilprice:
The EU’s pledge to ban the sale of new gasoline and diesel cars and vans from 2035 poses an “imminent risk” to Europe’s car manufacturers, which are unlikely to win a looming EV price war with their Chinese competitors, BMW chairman Oliver Zipse has told the Financial Times.
“I want to send a message: I see that as an imminent risk,” Zipse said.
The executive, however, said BMW was in a better position to compete with the Chinese manufacturers, most of which are targeting buyers of cheaper and smaller electric vehicles.
Yet, “The base car market segment will either vanish or will not be done by European manufacturers,” Zipse told FT.
European Union member states in March approved an emissions regulation under which the bloc will end sales of new carbon dioxide-emitting cars and vans in 2035.
The actual point, of course, is to sell as few cars and vans for private use as possible. I’m not sure Europe’s leaders ever got over losing their serfs tied forever to the land — a mode of thinking picked up by our own “betters.”
h/t Stephen Green
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