According to Bloomberg, Porsche Chief Financial Officer Lutz Meschke said in an interview after the Macan EV launch conference on the evening of the 25th that Europe will gradually phase out the sales of new internal combustion engine vehicles by 2035. Plans may be delayed. “There’s a lot of talk about a ‘gas vehicle ban’ right now, and I think it might be delayed.”
Lutz Meschke talked about the “reduction” of subsidies for electric vehicles in parts of Europe, such as Germany. “High-end and luxury EV manufacturers can do business without subsidies, but cutting subsidies for the mass market is a mistake.”
He said that if we have a situation like we have now, where Europeans are unwilling to buy electric cars, then subsidies may come back. “We have to see a steeper growth curve going forward.”
The current slowdown in electric vehicle orders in Europe has raised questions about whether Europe will phase out fuel vehicles as planned. Bloomberg reports that European consumers are being put off by a lack of reliable charging networks, continued high prices and the end of electric vehicle subsidy programs.
In December last year the German Ministry of Economy announced that the electric vehicle subsidy plan originally planned to be implemented until the end of 2024 would end early on December 31 last year. Subsidies that had been approved before will continue to be issued, but since December 18 last year No new applications will be accepted. According to reports, this move is to cope with the “budget gap”.
A spokesman for the Ministry of Economy acknowledged that this was an “unfortunate situation” for consumers who had hoped to receive subsidies but had no choice “because there is no longer enough money”.
On February 14 last year, the European Parliament passed a historic agreement reached by the European Commission and the European Council in Strasbourg with 340 votes in favor, 279 votes against, and 21 abstentions. “European Agreement on Zero Emissions for New Sales of Fuel Cars and Pickup Trucks in 2035”. The deal aims to end the sale of new fuel-powered cars and vans in the 27-nation EU starting in 2035. The ban will ensure the EU reaches zero greenhouse gas emissions by 2050, based on a 15-year lifespan for the average domestic light vehicle.
