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BMW Scoffs at EU’s Emission Target for Carbon Dioxide
The European Union’s plan to slash allowable carbon dioxide emissions from cars 45% by 2030 is “dreaming,” declares BMW AG CEO Harald Krueger.
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The European Union’s plan to slash allowable carbon dioxide emissions from cars 45% by 2030 is “dreaming,” declares BMW AG CEO Harald Krueger.
He says the reduction, which is being considered by the European Parliament today, would require a 70% sales rate for all-electric vehicles. He dismisses that ratio as “impossible,” adding that the charging demands for such a flood of EVs would overwhelm Europe’s electrical grid.
BMW has said it aims to electrify about 25% of its new-car fleet by 2025. Krueger insists that the EU’s current target of reducing CO2 by 30% by 2030 a “maximum stretch” for European carmakers.
Krueger notes that diesel sales, which account for nearly half of BMW sales in Europe, remain a crucial component in BMW’s strategy for meeting CO2 emission goals. He says the company will continue to invest in diesels, even though demand for such engines in the region could stabilize at 25% of the market.
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