Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

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

Published 03/13/2023, 05:27 AM
Updated 03/13/2023, 05:31 AM
© 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.

© 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

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."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.