BMW: e-fuels have highest impact for current fleet, not new cars By Reuters

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BMW: e-fuels have highest impact for current fleet, not new cars

Stock Markets Mar 15, 2023 05:57AM ET

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BMW: e-fuels have highest impact for current fleet, not new cars

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BERLIN (Reuters) - BMW Chief Executive Oliver Zipse said he viewed e-fuels as having the biggest impact for decarbonising transport if used in existing car fleets, rather than in new cars as was being discussed in Europe.

"The main impact of e-fuels is on existing fleets, not in the regulation of new vehicles being hotly discussed in Europe," Zipse said.

"We aren't discussing the existing fleet. The only opportunity to make a difference there is e-fuels. I agree strongly with the colleagues proposing that, particularly because our motors are prepared for it," he added.

Oliver Blume, chief executive of Porsche and Volkswagen (ETR:VOWG_p),, lobbied strongly in the annual press conferences of both companies earlier this week for being open to using e-fuels, calling on politicians to incentivise their production.

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