FCA’s Marchionne Says Accelerating Electric Car Sales Prematurely Will Endanger The Planet – Forbes

Posted: Saturday, October 07, 2017

Sergio Marchionne, CEO of FIAT and Chairman of Ferrari looks on from the garage during qualifying for the Formula One Grand Prix of Italy at Monza (Photo by Mark Thompson/Getty Images)

Electric cars are more of a threat to the planet than a potential saviour, and governments should stop forcing them on to the buying public, Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne said.

Government action to spur electric car sales prematurely, without first making sure the source of their energy has been cleaned up, will increase the production of CO2 to dangerous levels and endanger the planet, according to Marchionne.

Marchionne said electric cars are said to be more environmentally friendly than internal combustion engine (ICE) powered cars, but the “cradle-to-grave” impact of battery power produces a different result.

Meanwhile, ICE cars should be made more efficient and clean using more natural gas as a fuel.

Marchionne made the remarks in a speech to the Italian University of Trento where he received an honorary degree. His thoughts come as the automotive industry gears itself up for what the conventional wisdom suggests is a massive wave of electric car buying and pressure mounts to end the sale of ICE cars completely.

Recently, France said it wants to ban the sale of ICE cars by 2040, and was quickly joined by Britain. German Chancellor Angela Merkel, in the recent election campaign which she won, was thought to be considering the idea. Her main election rival, the Social Democrat Party, said in the campaign that if it won it would seek a European Union (E.U.) quota of electric cars to force their use.

Fiat 500e electric car  (Photo by Kevork Djansezian/Getty Images)

Already many European governments subsidize electric car and plug-in hybrid sales. Germany offers 4,000 euros ($4,700) if you buy an all electric vehicle (EV) or a fuel cell one, and 3,000 euros ($3,500) for a plug-in hybrid. France offers up to 10,000 euros ($11,700) if you trade in an old diesel or 6,300 euros ($7,300) for an EV purchase. Oil rich socialist Norway adds things like less sales tax, the right to enter city centres and the use bus lanes and parking.

The Frankfurt Auto Show last month presented a massive show of all things electric. But Fiat, and its Jeep and Alfa Romeo subsidiaries, failed to exhibit at the show, and cynics may think this might have been because of FCA’s slow embrace of electric power. During his speech, Marchionne remarked that for every little Fiat 500 electric car it sells in the U.S., it loses about $20,000.


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