On Saturday, German Chancellor Olaf Scholz emphasized the critical need to “stay the course” on electromobility to secure the future of the automotive industry. This statement comes during a period of uncertainty regarding the proposed ban on combustion engines in Europe by 2035.

“I say this today, one day before the European elections, we support the development of electromobility,” declared Scholz.

He added, “To want to turn back now is not only to endanger everything that has already been achieved, but also to jeopardize our future success and prosperity as an industrial nation.” As the leader of the eurozone’s largest economy, where the automotive sector is a cornerstone, Scholz’s stance underscores the importance of this transition.

The decline in electric vehicle sales across Europe and the criticism from several political figures during the European election campaign, who argue that the shift to electric is happening too rapidly, are causing concern among car manufacturers.

The electric vehicle market is particularly struggling in Germany. The end of purchase incentives at the close of 2023 has led to a significant drop in sales within this segment.