Mercedes-Benz CEO Ola Kallenius has issued a stark warning about the European Union’s plan to ban cars with combustion engines by 2035, saying the auto industry is “heading at full speed against a wall” unless changes are made. Speaking to German newspaper Handelsblatt on Monday, Kallenius said Europe’s car market could “collapse” if the ban goes ahead as planned. He believes consumers would rush to buy petrol and diesel vehicles just before the ban, creating a sales bubble followed by a sharp drop. “Of course, we have to decarbonize, but it has to be done in a technology-neutral way. We … Continue reading Mercedes CEO Warns EU Combustion Ban Threatens Market Collapse as European EV Sales Drop 6% in 2024