Rather than relying solely on EVs and their associated battery technologies, Oliver advocates for a more “technology-agnostic” approach that allows for multiple low-emission solutions to thrive.
Doing this would not only enhance the industry’s resilience but reduce dependence on Chinese-manufactured batteries, which currently dominate the global supply chain.
Growing concerns in the automotive sector
Oliver’s concerns are not isolated. Other major automakers, including Volkswagen and Renault, have voiced similar doubts about the feasibility of the 2035 deadline. Even the Italian government has stepped into the conversation, urging for a delay or relaxation of the ban.
The European Automobile Manufacturers Association (ACEA), which represents 15 major automakers, has warned that slower-than-expected EV adoption could lead to “multibillion-euro fines” for companies unable to meet the EU’s strict emissions targets.
As a result, industry leaders are increasingly questioning whether the current regulatory framework is achievable or sustainable.
Stalling car sales and EV adoption
Recent data adds weight to these concerns. In August, car sales across Europe fell by nearly 16% compared to the same period last year, with EV sales suffering an even steeper decline of 24%.
The end of popular EV subsidies in Germany, Europe’s largest automotive market, has further exacerbated the situation, raising doubts about whether the market can adapt quickly enough to meet the EU’s 2035 goals.
The sharp downturn highlights the growing disconnect between the EU’s policy objectives and the realities of the automotive market. While Europe is making strides in EV production, it still lags behind China in terms of affordability and battery technology, widening the gap between ambition and implementation.
