Mercedes CEO Raises Concerns About Europe’s Aggressive EV Push

Ola Källenius, CEO of Mercedes-Benz, has expressed skepticism towards the European Union’s plan to ban CO2-emitting vehicles by 2035. He argues that such a move risks severe economic impacts for the European auto industry due to existing challenges like weak consumer demand and increasing competition from Chinese brands. Källenius advocates for alternative solutions such as incentivizing electric vehicle adoption through tax breaks and improved charging infrastructure rather than an outright ban. He emphasizes the need for a balanced approach that considers both environmental sustainability and economic implications.