BMW CEO warns against electric only

cmyx6go · 04-14-2022, 02:08 PM

Doyinsola Oladipo
Thu, April 14, 2022, 11:24 AM
By Doyinsola Oladipo

NEW YORK (Reuters) -BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars.

"When you look at the technology coming out, the EV push, we must be careful because at the same time, you increase dependency on very few countries," Zipse said at a roundtable in New York, highlighting that the supply of raw materials for batteries was controlled mostly by China.

"If someone cannot buy an EV for some reason but needs a car, would you rather propose he continues to drive his old car forever? If you are not selling combustion engines anymore, someone else will," said Zipse.

Full article here - https://www.yahoo.com/finance/news/b...152451890.html

chassis · 04-15-2022, 02:35 PM

Signaling. Taking a position on both sides of the fence. That way neither BMW as a company, nor Zipse personally, are wrong. He's investing political capital in both sides of the EV topic.

04-14-2022, 02:08 PM	#1
cmyx6go Colonel 16814 Rep 2,088 Posts Drives: 2022 X6///M Comp Join Date: Aug 2015 Location: NYC iTrader: (2) Garage List 2019 X6 ///M [10.00]	BMW CEO warns against electric only Doyinsola Oladipo Thu, April 14, 2022, 11:24 AM By Doyinsola Oladipo NEW YORK (Reuters) -BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars. "When you look at the technology coming out, the EV push, we must be careful because at the same time, you increase dependency on very few countries," Zipse said at a roundtable in New York, highlighting that the supply of raw materials for batteries was controlled mostly by China. "If someone cannot buy an EV for some reason but needs a car, would you rather propose he continues to drive his old car forever? If you are not selling combustion engines anymore, someone else will," said Zipse. Full article here - https://www.yahoo.com/finance/news/b...152451890.html __________________ I thought I was a good person but the way I react when people drive slowly in the left lane would suggest otherwise
	Appreciate 5 overcoil3121.00 wtwo319019.00 KRS_SN14650.50 Germanauto9840.50 Holset317.50 Tweet Quote

04-15-2022, 02:35 PM	#2
chassis Colonel 8002 Rep 2,493 Posts Drives: 9Y0 Cayenne S Join Date: Mar 2019 Location: Einbahnstraße iTrader: (0) Garage List 2020 Porsche Cayenne S [7.69]	Signaling. Taking a position on both sides of the fence. That way neither BMW as a company, nor Zipse personally, are wrong. He's investing political capital in both sides of the EV topic.
	Appreciate 0 Quote