WOLFSBURG (Reuters) – Porsche CEO Oliver Blume characterised the debate over e-fuels as “emotional” and said there was no conflict between electrification and building out e-fuel production during a press call on Monday following the carmaker’s results.
Porsche is the strongest advocate for e-fuels as a carbon-free way of driving combustion engine cars among all German carmakers amid a debate in Europe over whether to allow new combustion engines to be powered by e-fuels after 2035.
“We can adjust tax politics to make e-fuels cheaper … politics should support investments to make prices more attractive,” Blume said. “It is worth it. I know no other possibility to decarbonise combustion engine cars.”
Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!
By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.
(Reporting by Victoria Waldersee, Editing by Friederike Heine)