Audi To Stop Making Fossil Fuel Cars By 2033: CEO
Mohammad Ali (@ChaudhryMAli88) Published June 22, 2021 | 09:17 PM
German luxury carmaker Audi said Tuesday it will stop manufacturing diesel and petrol cars by 2033 as part of an industry-wide pivot towards more environmentally friendly electric cars
Frankfurt, (UrduPoint / Pakistan Point News - 22nd Jun, 2021 ) :German luxury carmaker Audi said Tuesday it will stop manufacturing diesel and petrol cars by 2033 as part of an industry-wide pivot towards more environmentally friendly electric cars.
"Audi is ready to make its decisive and powerful move into the electric age," CEO Markus Duesmann said in a statement.
Starting in 2026, Audi plans to only launch new all-electric car models, while "gradually phasing out" production of internal combustion engines until 2033.
However, strong demand in China could see Audi's local partners there continue to manufacture combustion engine cars beyond 2033, he added.
Carmakers everywhere are pouring huge sums into the shift towards battery-powered vehicles as they tout green credentials in a world growing more concerned about climate change.
In Europe, the transition has been sped up in part because of tougher EU pollution regulations and the "dieselgate" emissions cheating scandal uncovered at Audi parent Volkswagen in 2015.
Duesmann said Audi is this year already launching more new electric models than diesel or petrol models.
By 2025, the four-ring brand aims to have more than 20 e-models in its lineup.
Duesmann also said Audi would keep working to improve its internal combustion engines until the end to ensure greater efficiency.
"Audi's last internal combustion engine will be the best we've ever built," he said.
Audi parent company Volkswagen announced an e-offensive earlier this year, saying it would spend 46 billion Euros ($54 billion) over the next five years to dominate the global electric car market.
The 12-brand group has vowed to set up six battery factories in Europe by the end of the decade as part of the push, hoping to reduce reliance on Asian suppliers of the key component in electric cars.
Electric car pioneer Tesla meanwhile is building a "gigafactory" near Berlin that aims to produce around 500,000 vehicles a year initially.
Related Topics
Recent Stories
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
U.S. envoy calls on Foreign Minister Ishaq Dar
Poland arrests man over suspected plan to kill Zelensky
EU wants to ease youth movement to and from UK
Police foils attempt of supply mainpuri raw material
More Stories From Business
-
Pakistan's total liquid foreign reserves reach $ 13.37 billion
9 hours ago -
Stock markets rise as traders consider US rate outlook
9 hours ago -
Business community alarmed by alleged Cigarette tax violations
10 hours ago -
High FED on cigarettes demonstrates positive impact
10 hours ago -
PTCL posts 14 % revenue growth
10 hours ago -
Prudent policies, reforms poised to result in sustainable economic growth: Governor State Bank of Pa ..
11 hours ago
-
ICCI resolute to turn Islamabad an ecofriendly city: Khalid Malik
10 hours ago -
Beijing's GDP up 6 pct in Q1
12 hours ago -
China's Q1 goods, services trade surplus exceeds 60 bln USD
12 hours ago -
Pakistan Stock Exchange (PSX) loses 43 points
13 hours ago -
KP Govt decides to establish Gem Processing & Export Centre
13 hours ago -
Rupee sheds 04 paisa against dollar
13 hours ago