Transportation
BMW CEO Says EU Combustion-Engine Ban ‘No Longer Realistic’
- Climate targets risk massive shrinking of industry, Zipse says
- Carmakers are struggling to sell EVs after subsidies dried up
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Europe’s plan to effectively ban the sale of combustion-engine cars from 2035 will lead to a “massive shrinking” of its automotive industry, according to BMW AG Chief Executive Officer Oliver Zipse.
Dialing up warnings that the continent isn’t ready to ditch gasoline and diesel engines, Zipse said Tuesday at the Paris Automotive Summit that the European Union’s plans “are no longer realistic” and that subsidies for electric vehicles are “unsustainable.”