Electric cars are now starting to enter our lives. Many companies are working and investing to create new electric vehicles. BMW is one of these brands. The Bavarian manufacturer is trying to add new electric cars to its range.
But BMW CEO Oliver Zipse says caution is needed when considering the future of electric mobility. Zipse also believes that some brands make mistakes by rushing electric cars.
BMW thinks that the era of internal combustion engines is not over
BMW executive believes that the era of internal combustion power units is not over yet. Emphasizing that electric models are more expensive than vehicles with traditional engines, Zipse emphasizes that in this sense, people still need vehicles with internal combustion power units.
Saying that it is necessary to be cautious about the transition to electric cars, the CEO stated that the infrastructure of most countries is not ready for this yet. In this sense, the production of vehicles with internal combustion engines is of vital importance due to both financial reasons and infrastructure deficiencies. Speaking to Reuters, Zipse also pointed out a different point:
We should be careful about the electric vehicle attack because at the same time you increase dependency on some countries
The CEO is pointing specifically to China with this statement. Today, most important parts of electric vehicles are produced in China. Believing that this will increase the dependency on China, Zipse also warns the automotive industry.
BMW CEO also cited the high prices of electric cars, arguing that offering fossil fuel vehicles is still key to BMW’s profit and environmental goals. Zipse also expressed its concerns about high energy prices. The successful manager thinks that at this stage, manufacturers should follow more efficient ways of production and recycling.
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