💨 Abstract

Stellantis CEO, Carlos Tavares, expressed concerns about the higher costs imposed by EU carbon emission rules on the car industry, especially for electric vehicles, as customers are hesitant to buy expensive EVs. He also highlighted the additional pressure from Chinese competition, which benefits from lower costs. Tavares suggested that consistent state-funded purchase incentives are necessary to boost demand for EVs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖