EU emissions rules due to come into force as soon as 2025 are likely to make petrol cars less profitable than electric models, marking a landmark moment for the auto industry, according to one of Volkswagen’s most senior executives.
VW, the world’s second-largest automaker, has set out plans to invest €35bn in electric vehicles as governments try to accelerate the transition to less polluting cars.
Thomas Ulbrich, head of development at the VW brand, said new engine standards, called Euro 7, would pose a “tremendous challenge” for petrol-based vehicles because they would need more expensive technology to ensure they are compliant.
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