E-Fuel Is ‘Champagne’ Fix in EU Carbon Plan, Iveco CEO Says
- ‘Dysfunctional’ EU approach hampers progress on fleet turnover
- CEO Marx sees M&A opportunities for company in next two years
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Synthetic fuels may appeal to well-heeled Porsche and Ferrari drivers, but they aren’t a viable way for Europe’s auto industry to achieve carbon neutrality, Iveco Group NV Chief Executive Officer Gerrit Marx said.
The fuels — which proponents say offer the option to convert renewable electricity into a combustible, liquid source — are “the champagne of propulsion” due to their cost, Marx said in an interview.