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Porsche CEO: There is no conflict between e-mobility and e-fuels
Global Banking and Finance Review
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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.
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.”
(Reporting by Victoria Waldersee, Editing by Friederike Heine)
E-mobility refers to the use of electric vehicles (EVs) and the infrastructure that supports them, promoting sustainable transportation solutions to reduce carbon emissions.
E-fuels, or electro-fuels, are synthetic fuels produced using renewable energy sources. They aim to provide a carbon-neutral alternative for traditional combustion engines.
Decarbonisation is the process of reducing carbon dioxide emissions associated with energy production and consumption, often through the adoption of cleaner technologies and fuels.
Electrification in the automotive industry involves the transition from traditional internal combustion engines to electric powertrains, including battery electric vehicles (BEVs) and hybrid models.
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