Porsche CEO: There is no conflict between e-mobility and e-fuels By Reuters

US mulls more support for banks while giving First Republic time - Bloomberg News

Porsche CEO: There is no conflict between e-mobility and e-fuels

Stock Markets Mar 13, 2023 05:31AM ET

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Porsche CEO: There is no conflict between e-mobility and e-fuels

© Reuters. FILE PHOTO: Porsche Chairman of the Executive Board Oliver Blume and Porsche Head of Style Michael Mauer present a new design study of a Porsche 357 during the 75 years Porsche sports car exhibition "Driven by Dreams" in Berlin, Germany, January 25, 2023.

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."

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