The company aims for its first EV within 10 years, but will phase out its existing engines over several decades, CEO Torsten Müller-Otvos tells the FT. “Electrification is the future, full stop. You need to prepare yourself for that.”
Prediction: this will prove to be not fast enough. As the article points out, “China wants to have a fifth of its new cars powered electrically by 2025, and will require companies operating in the market to sell a proportion of electric vehicles.”
Image: Earth Times