The EU deal to phase out combustion engine cars in just over 12 years is challenging, but a more daunting obstacle will be making enough batteries to power the electric cars needed as a result, a senior Volkswagen executive said on Wednesday.
The comment was made after European Union countries clinched deals on proposed laws to combat climate change early on Wednesday, including one requiring new cars sold in the bloc to emit zero CO2 from 2035.
That would make it impossible to sell internal-combustion engine cars.
The European Commission had first proposed the package last summer, aimed at slashing planet-warming emissions this decade, but the deal overnight makes it likely that the proposal will become EU law.
"It's a challenging goal. We think it's doable," VW Chief Financial Officer Arno Antlitz told Reuters in an interview at the Reuters Automotive Europe conference on Wednesday.
"The most challenging topic is not ramping up the car plants. The most challenging topic will be ramping up the battery supply chain."
VW: EV battery output bigger challenge than EU combustion engine ban
The EU deal to phase out combustion engine cars in just over 12 years is challenging, but a more daunting obstacle will be making enough batteries to power the electric cars needed as a result, a senior Volkswagen executive said on Wednesday. The comment was made after European Union countries...
I am seeing more and more brands state their struggles to keep up with batteries. I believe it takes longer to get resources to build these, especially because a lot of materials need to be mined. I am worried that ramping up production further will have consequences. I just hope things level out. I know the demand for EVs is high, especially for certain brands like VW.