Volkswagen is ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle lineup, CEO Oliver Blume said at Munich's IAA mobility show.
"We are prepared for the 2035 combustion ban in Europe," Blume told reporters at the car show.
He said through its partnerships in China the world's No 2 carmaker will be able to lower its battery costs via a 50% reduction in cost at the cell level.
Europe's carmakers are under pressure from Chinese EV makers, who have developed cheaper, more consumer-friendly models at home in China and are expanding to Europe.
"I think we have great chances," Blume said.
"We know how to build cars with top quality. We will have to work hard on the cost side."
VW is ready for Europe’s 2035 fossil-fuel car ban
Image: Sean Gallup/Getty Images
Volkswagen is ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle lineup, CEO Oliver Blume said at Munich's IAA mobility show.
"We are prepared for the 2035 combustion ban in Europe," Blume told reporters at the car show.
He said through its partnerships in China the world's No 2 carmaker will be able to lower its battery costs via a 50% reduction in cost at the cell level.
Europe's carmakers are under pressure from Chinese EV makers, who have developed cheaper, more consumer-friendly models at home in China and are expanding to Europe.
"I think we have great chances," Blume said.
"We know how to build cars with top quality. We will have to work hard on the cost side."
Electric VW GTI concept to be revealed at German auto show
Mercedes boss says EV costs will remain higher for foreseeable future
BMW expects higher China sales in 2023
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