BMW CEO Oliver Zipse says a 2035 gasoline ban will hit the European auto industry.
Zipse's warnings come amid fears in the auto industry of a Darwinistic price war with China.
AdvertisementA "correction" of the planned 2035 gasoline vehicle ban, Zipse said, would help reduce European OEMs' reliance on China for batteries.
This, Tavares said, is because automakers will have to continue to invest in both electric and gasoline vehicles, thus incurring higher costs.
Mercedes-Benz CEO Ola Källenius told attendees at the Berlin Global Dialogue conference on October 2 that the Western auto industry is fighting a "Darwinistic-like price war" with their Chinese rivals.
Persons:
Oliver Zipse, —, Zipse, weren't, Carlos Tavares, helms, Tavares, Ola Källenius, Källenius
Organizations:
BMW, Service, Union, Paris Automotive Summit, EU, Zipse, BMW didn't, Business Insider, Western, Chrysler, Fiat, Maserati, Peugeot, Financial Times, European Automobile Manufacturers ' Association, Benz, Berlin Global
Locations:
China, Europe