FILE PHOTO: CEO of the PSA Group, Carlos Tavares attends the 89th Geneva international motor show in Geneva, Switzerland, March 5, 2019 at the latest. REUTERS/Denis Balibouse
FRANKFURT (Reuters) – european car makers are telling governments they need to help with the construction of electric vehicle charging stations, and to provide consumers with subsidies in order to boost sales of battery-powered vehicles and to assist the industry to meet the strict new emissions rules.
The German car makers are speeding up plans to launch electric vehicles, which are under pressure from the European Union to mandate the provision of a 37.5% reduction in carbon dioxide emissions between 2021 and 2030, on top of a 40% reduction in emissions between 2007 and 2021.
Managers have been warned at this week’s Frankfurt auto show, which is in the EU rules, it could be disastrous for earnings and employment because of the mainstream customers are not buying electric cars. Instead, consumers are opting for larger sport-utility vehicles.
“Our industry is ready for you to move in as soon as possible in the direction of zero-emission mobility. However, this transition is a shared responsibility,” said PSA’s Group Chief Executive, Carlos Tavares, who is also the president of the European car industry association (ACEA). “It takes a 360 degree approach.”
“The governments of the EU should be consistent with the increase in the rate at which we are launching in this car is by dramatically stepping up its investment in infrastructure. In addition, they also have to put in a long time, which means that throughout the EU,” Tavares said.
Reporting by Ilona Wissenbach; Writing by Edward Taylor; Editing by Mark Potter