United Kingdom Volvo car corporation

Volvo Car Corporation warned that the European Union’s policies and particularly the White Paper on Transport, which commits to  reduced CO2 emissions by at least 60% by 2050, are undermined by the absence of incentives for the promotion of electric cars. 

"The automotive industry's cost reduction efforts can't fully compensate for the additional battery system cost. Pan-European subsidies and incentives are needed to support a successful market introduction. Unfortunately such necessary initiatives are jeopardised by the current debt crisis," said Stefan Jacoby, the corporation’s President and CEO.

SourcesVolvo Car Corporation

Last modified onThursday, 04 May 2017 16:55
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