BMW CEO warns against electric-only strategy

BMW CEO warns against electric-only strategy


BMW’s CEO says that as we look at technology development and the emphasis on introducing electric models, we have to be careful as we increase our dependence on too few countries at a time. He also noted that the supply of raw materials for battery production is mainly controlled by China. He made it clear that the ban on the sale of internal combustion vehicles will not do well for the industry. – If for some reason a person cannot buy an electric car, but needs a car, he will continue to drive his old model. If we don’t sell combustion engines, someone else will,’ said Zipse.

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The words of the President are not surprising. He has long opposed the ban on the sale of cars with internal combustion engines and against any pressure exerted by regulators on the car industry. Providing fuel-efficient vehicles with internal combustion engines is important in terms of profitability and environmental protection, said Zipse, pointing to the lack of charging infrastructure and the high price of electric vehicles.

He also insisted that at this time, companies must plan that energy and raw material prices will remain high, increase production efficiency and strengthen recycling efforts. All this to keep costs low. “We have a peak at the moment, it may not stay at this level, but it will not return to the previous prices,” he said. “How much energy we need and how much we use, and the cycle is important – for environmental reasons, but even more for economic reasons,” adds Zipse.

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