Polestar CEO: Delaying EV Targets Will Endanger Jobs
The debate over the future of the European car industry is heating up. Michael Lohscheller, the CEO of Polestar, has a strong message for the EU: do not delay the 2035 zero-emissions targets for cars and vans. Speaking at the Munich motor show, where the new Polestar 5 was unveiled, Lohscheller argued that postponing the deadline would harm jobs and allow other countries to take the lead in the electric vehicle transition.
A Divide in the Auto Industry
The European car industry is divided on the issue. Over 150 executives from electric vehicle companies, including Polestar and Volvo, have signed a letter urging the EU to stick to the 2035 deadline. On the other side, other major carmakers like Stellantis have been pushing for the ban on gasoline-powered cars to be delayed until 2040, citing concerns about investment and feasibility. This debate highlights the challenges and opportunities facing the industry as it transitions to a more sustainable future.
Here is a summary of the two viewpoints on the 2035 EU emissions targets:
A Strong Stance for the Future
Lohscheller dismissed the arguments for a delay, saying he believes it is “completely the wrong way” to go. He said that changes are “inevitable” and that the industry needs to address them now. “If we don’t do it, others will do it for us,” he added. As a proudly Swedish and European brand, Polestar is passionate about the region leading the charge in the electric vehicle transition, which Lohscheller believes will create many more opportunities.
