Meeting CO2 targets in 2020 and 2021 'will be a challenge', says Daimler CEO

11 February 2020 - 18:14 By Reuters
Daimler CEO Ola Kaellenius has called for "economically rational" pricing as the world shifts to EVs.
Daimler CEO Ola Kaellenius has called for "economically rational" pricing as the world shifts to EVs.
Image: Sarah Silbiger/Getty Images

Daimler will not sacrifice the profitability of next-generation electric cars, chief executive Ola Kaellenius said on Tuesday, as the carmaker struggles to meet more stringent European Union (EU) anti-pollution rules.

Pressure is mounting on carmakers to flood the market with low-emission vehicles to avert heavy pollution fines, as customers gravitate towards buying larger and heavier sports utility vehicles.

"We need to act in an economically rational way. It is very important to achieve adequate prices on these cars and not to destroy the pricing levels," Kaellenius said about the new electric cars Mercedes is getting ready to launch this year.

The EU penalties are being imposed on carmakers who fail to lower levels of carbon dioxide pollution from 2020 and 2021 onwards.

Speaking at the company's annual results news conference in Stuttgart, Germany, Kaellenius said Daimler, which owns the Mercedes-Benz brand, would have a hard time meeting the new emissions limits.

"In the medium-term I am confident; 2020 and 2021 will be a challenge," he added. 


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