Mercedes CEO says details of EU's relaxed EV targets could negate benefits
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Mercedes CEO Ola Kaellenius expressed concerns that the European Union's relaxed electric vehicle (EV) targets could undermine their intended benefits. The EU's proposals, influenced by pressure from Germany and major automakers, allow for the continued sale of plug-in hybrids beyond 2035. Kaellenius warned that these changes might lead to a shrinking market and emphasized the need for binding electrification targets for corporate fleets. He highlighted the risk of negating progress in the shift to electric cars.
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