Combustion Engine Vehicles Remain Very Important in Global Market, Says BMW CEO

The transition to electric vehicles is happening so quickly that even brands that have built their reputation on internal combustion engines are making the jump. Some states and countries are considering banning the sale of combustion engine vehicles outright, but BMW CEO Oliver Zipse thinks that’s a mistake.

Speaking at an event in New York attended by by Reuters, Zipse pointed to the limited materials available for use in electric vehicles: “When you look at the technology that’s coming out, the push of electric vehicles, we have to be careful because at the same time you’re increasing the reliance on very few countries.” However, there are also other issues to consider.

“If someone can’t buy an electric vehicle for some reason but needs a car, would you rather suggest that they continue to drive their old car forever? If you no longer sell combustion engines, someone else will,” he continued, and this is something that needs to be considered as many customers are unwilling (or unable) to switch to electric vehicles.

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A potential EV buyer might be really in love with the idea of ​​owning an EV or even a specific EV model, but if they happen to rent their house or apartment, they might not has no way to charge a vehicle at home. This can create an obstacle, or even completely stop the search. Cost is another important factor.

Currently, there are very few inexpensive all-electric vehicles on the market. Buyers who cannot afford a vehicle for $30,000 or more would have no choice if new cars were all they could consider. On the other hand, combustion cars are easy to find under $20,000. With these factors in mind, combustion cars seem to have a place in the market for at least the next few years.

At the same time, some of these problems can be solved in the same period. For example, Chevrolet has pledged to help electric vehicle buyers install chargers in their homes and plans to be an all-electric brand by 2035, while Ford expects half of its vehicle sales to be electric by 2035. 2030 and has made large investments in charging infrastructure. .

Kevin A. Perras