BMW Group CEO Oliver Chipzer said that Europe's plan to actually ban the sale of fuel vehicles from 2035 will cause its automobile industry to “shrink drastically.” In his preparatory speech at the Paris Automobile Summit, Chipzer warned that mainland Europe is not ready to give up gasoline and diesel engines, that the EU's plans “are no longer realistic,” and that subsidies for electric vehicles are “unsustainable.”

BMW Group CEO Oliver Chipzer said that Europe's plan to actually ban the sale of fuel vehicles from 2035 will cause its automobile industry to “shrink drastically.” In his preparatory speech at the Paris Automobile Summit, Chipzer warned that mainland Europe is not ready to give up gasoline and diesel engines, that the EU's plans “are no longer realistic,” and that subsidies for electric vehicles are “unsustainable.”