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“Nowadays there is a lot of talk about the end of the internal combustion engine,” said Meschke. “I think it could be delayed,” he added, according to Bloomberg.
A drop in electric car orders has raised doubts about whether the European Union is implementing its plan to phase out internal combustion engine vehicles. This move represents one of the most ambitious efforts to reduce carbon dioxide emissions.
The lack of reliable charging stations, the persistently high prices of electric cars and the loss of incentives for purchasing electric cars are deterring consumers in the region from purchasing electric cars. Great Britain has already postponed a planned ban on sales of new gasoline and diesel models by five years to 2035.
Manufacturers of premium and luxury electric cars could do without subsidies, but in the segment of cheaper models for the mass market, the loss of subsidies would be bad, said Meschke. According to him, the subsidies could be repaid due to the current situation in which there is a reluctance to buy electric cars in Europe.
Last year, Germany refused to support the adoption of an EU plan to phase out new internal combustion engine vehicles and called on Brussels to also protect vehicles powered by so-called e-fuels, which are produced through an electrolytic process, in which electricity is used to split water into hydrogen and oxygen.
The hydrogen obtained in this way can then be used as a basis for the production of synthetic fuels, including synthetic gasoline, diesel or methane. This technology is supported by Porsche. In 2022, the automaker joined a group of investors that bet $260 million (CZK 5.9 billion) on the construction of a plant to produce these fuels by a start-up company in Chile.
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