Porsche’s 911 Is Thrown a Lifeline as EU Embraces E-Fuels
- Parent VW to stick to EV strategy, sees e-fuels in niches
- Porsche brand leads VW’s e-fuel research with pilot in Chile
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Volkswagen AG said the European Union’s deal on e-fuels will help with special applications such as emergency vehicles and low-volume models like Porsche’s 911 sports car, following an agreement over the weekend on landmark regulation to make cars carbon neutral by 2035.
Europe’s biggest carmaker remains committed to the electrification of its lineup with a goal of EVs accounting for around 10% of sales this year and more than half at the end of the decade, VW said Monday. Germany’s deal with the EU on Saturday paves the way for a vote on the law set for Tuesday.