Luca de Meo, head of the European Automobile Manufacturers Association (ACEA), said that the Europe’s automakers will not challenge the European Union’s decision to ban fossil-fuel vehicles by 2035. De Meo, speaking at the Geneva car show, added that the industry’s responsibility is not to contest regulations but to adapt to them.
No contesting 2035 ban
Luca de Meo, who is also the CEO of Renault, underscored that the auto industry will not oppose the 2035 ban on fossil-fuel vehicles, regardless the outcome of the European parliamentary elections. He focused on the need for the industry to focus on compliance rather than resistance.
Feasibility of the ban
De Meo accepted that a full fossil-fuel car ban by 2035 is quite feasible but highlighted the importance of creating the right conditions for its implementation. He mentioned that certain prerequisites must be met to ensure a better transition.
Pressure on auto industry
With demand growth for electric vehicles slowing down and the entry of new Chinese rivals offering lower-cost models, Europe’s auto industry faces increased pressure to cut costs and develop more affordable electric vehicles. This situation underscores the urgency for automakers to adapt to changing market dynamics.
Call for government support
Automakers have reiterated their call for more government subsidies and improved charging infrastructure to stimulate demand for electric vehicles and facilitate their widespread adoption. They argue that such measures are essential for achieving the transition towards electric mobility.
Analysis and outlook
The decision by Europe’s auto industry not to challenge the 2035 ban on fossil-fuel vehicles reflects a recognition of the need to align with regulatory requirements and adapt to evolving market conditions. While the feasibility of the ban is acknowledged, the industry emphasizes the importance of creating favourable conditions for its implementation. Moving forward, the industry will likely focus on developing more affordable electric vehicles and advocating for supportive government policies to drive the transition towards electric mobility.