VW exec: New EU rules will make gasoline cars less profitable than electric cars
A senior executive from Volkswagen, the Volkswagen Group's Head of Development, has stated that the upcoming "Euro 7" emission standards set to take effect in the European Union (EU) as early as 2025 will pose a "significant challenge" for internal combustion engine vehicles. The executive indicated that the emission regulations, if implemented, could potentially result in gasoline vehicles being less profitable than electric vehicles, marking a milestone moment for the automotive industry.
As the world's second-largest automaker, Volkswagen has already formulated plans to invest €35 billion in electric vehicle development. Governments worldwide are currently striving to accelerate the transition towards less polluting vehicles.
The proposed Euro 7 emission standards aim to further r...