In a shockingly forthright appraisal of the Chinese auto market, Daimler CEO Dieter Zetsche laid out the harsh reality for the Chinese auto market, stating that petroleum-powered vehicles are not sustainable due to the massive demand, and that electric vehicles are imperative.
Speaking at an event in Beijing, Zetsche remarked “If you look at the population and the growth here, you quickly reach the conclusion that it would be unthinkable to provide these people with traditional gasoline- and diesel-powered vehicles. There just isn’t enough oil for that. So there has to be personal transportation that is not dependent on oil and is CO2-free to the greatest possible extent. In this regard, BYD is clearly a front runner.“
Daimler is conveniently partnered with BYD in an electric vehicle alliance, and Zetsche singled out the taxi market as the most promising sector for any potential EV. With over 1 billion people, China is an obvious candidate for EVs, but how long will it be until the focus of a similar campaign is directed at North America?
[Source: Automotive News]