Saturday, June 22

VW exec: New EU rules will make gasoline cars less profitable than electric cars

A senior executive from Volkswagen, the Volkswagen Group’s Head of Development, has stated that the upcoming “Euro 7” emission standards set to take effect in the European Union (EU) as early as 2025 will pose a “significant challenge” for internal combustion engine vehicles. The executive indicated that the emission regulations, if implemented, could potentially result in gasoline vehicles being less profitable than electric vehicles, marking a milestone moment for the automotive industry.

As the world’s second-largest automaker, Volkswagen has already formulated plans to invest €35 billion in electric vehicle development. Governments worldwide are currently striving to accelerate the transition towards less polluting vehicles.

The proposed Euro 7 emission standards aim to further reduce harmful pollutants emitted by vehicles, including nitrogen oxide (NOx) and particulate matter. These stricter regulations reflect the growing concern for environmental sustainability and public health. However, meeting these more stringent standards will require significant advancements in engine technology and exhaust treatment systems, which could increase costs for traditional internal combustion engine vehicles.

Volkswagen’s commitment to investing in electric vehicles aligns with the broader industry trend towards electrification. The transition to electric mobility presents an opportunity to reduce greenhouse gas emissions and improve air quality. It also offers automakers a chance to adapt to evolving consumer preferences and regulatory requirements.

The potential profitability challenge posed by Euro 7 regulations underscores the need for automakers to accelerate their electric vehicle strategies. As the market demand for electric vehicles continues to grow, manufacturers must enhance their electric vehicle offerings, expand charging infrastructure, and optimize production processes to meet the changing landscape of the automotive industry.

The EU’s push for stricter emission standards and Volkswagen’s significant investment in electric vehicles signify a shift towards a more sustainable and electric future. The success of this transition will rely on collaboration between automakers, governments, and other stakeholders to address challenges related to infrastructure, battery technology, and consumer acceptance.

In conclusion, the anticipated implementation of Euro 7 emission standards in the EU has prompted Volkswagen’s development chief to recognize the potential challenges for internal combustion engine vehicles. The increasing focus on reducing emissions and promoting electric mobility has prompted Volkswagen and other automakers to invest heavily in electric vehicle development. This shift represents a pivotal moment in the automotive industry as it strives to meet sustainability goals and embrace the future of transportation.

Leave a Reply

Your email address will not be published. Required fields are marked *