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Mercedes CEO says EU rules failed to drive EV transition

Mercedes Benz CEO Ola Kallenius says EU rules failed to drive the shift to electric vehicles. He urged policymakers to be pragmatic amid rising competition.

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MERCEDES-BENZ GROUP AG CEO Ola Kallenius stated on May 13 that current EU rules have not accelerated the transition to electric vehicles. The 2035 combustion engine ban, established in 2020, contains flaws in its design. Policymakers must balance environmental targets with market realities.

Market Forces Over Legislation
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