European carmakers should wean off fossil fuels by 2040, Audi chief says

BERLIN, April 22 (Reuters) - Europe's carmakers should wean themselves off fossil fuels from 2040, chief executive of Volkswagen's (VOWG_p.DE) Audi said on Friday, calling for quicker expansion of renewable energy capacity in Bavaria, where Audi is based, and elsewhere.

Discussions around a possible embargo on Russian gas in light of Moscow's invasion of Ukraine have raised pressure on companies and governments to expand investment into renewable energy, with Mercedes-Benz (MBGn.DE) promising new investments in wind and solar to help power its plants. read more 

Let's be courageous as Europeans and take it upon ourselves to give up on fossil fuels completely from 2040," Markus Duessmann said at a conference. "We must put all our energy towards battery-electric vehicles for individual mobility." 

Audi will stop selling combustion engine cars from 2033. Its parent Volkswagen will do so from 2035 in Europe and later in China and the United States, it has said. read more 

Still, other carmakers like BMW have warned against focusing exclusively on producing electric vehicles too soon, with demand for combustion engines still high. read more

Germany's coalition government has said it is targeting a coal phase-out ideally by 2030, and aims to fulfil all its electricity needs with supplies from renewable sources by 2035. read more 

https://www.reuters.com/business/autos-transportation/european-carmakers-should-wean-off-fossil-fuels-by-2040-audi-chief-says-2022-04-22/