Mercedes-Benz CEO Ola Kaellenius has challenged the EU's plan to ban CO2-emitting vehicles from 2035, warning of the risks to the European car industry

In an interview, Kaellenius pointed out that the ban could lead to a collapse of the European car market, suggesting that consumers would be buying cars with classic engines before 2035. He called for tax incentives and affordable electricity prices, emphasizing the need for a balanced technological transition. Against this backdrop, several European carmakers are facing financial difficulties as Chinese companies expand their presence in the European market.