SEAT says EU's rethink on 2035 combustion-engine ban could help EV transition
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SEAT, a Volkswagen unit, sees the EU's potential reversal of the 2035 combustion-engine ban as beneficial for its transition to electric vehicles. CEO Markus Haupt stated that while SEAT is committed to electric vehicles, the delay could ease the transition. SEAT is also hopeful for the removal of EU tariffs on its Cupra Tavascan model produced in China. The company has invested €300 million in a new battery assembly plant in Spain, part of a larger €3 billion project to produce EVs, aligning with Volkswagen's €10 billion investment in Spain's EV sector.
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