FERRARI

Ferrari CEO questions environmental impact of electric vehicles
According to Sergio Marchionne (CEO of Ferrari and FCA), the influence of electric vehicles on the environment is not certain. The overall environmental impact of electric vehicles needs to be examined more rigorously in order to be able to determine if they are in fact more harmless than vehicles equipped with an internal combustion engine."If we do not carry out a complete analysis of the origin of electric power, where it comes from, how to equip vehicles with electric batteries, what the costs are in terms of CO2 and the environment, I think the idea that we are going to save the planet with electric vehicles does not make sense, "Sergio Marchionne told CNBC."If electricity is produced from nuclear sources, I do not encounter problems, we are all doing the right thing, but we have to be aware that we will be adopting nuclear energy as a solution to our problems." "If we depend on fossil fuels to produce electricity then the problem will be much greater "The executive has a history of criticizing the electrification trends of the automotive industry. Electric vehicles are not yet profitable, but Tesla has nevertheless demonstrated that there is demand for this type of car, and leading builders have developed extensive strategies to electrify their ranges in the coming years.Fiat Chrysler offers electric models, according to Marchionne, the company loses about 17,000 Euros with each Fiat 500e sold.Ferrari has not revealed intentions to electrify its models, however this may change due to competition and political pressure in trying to reduce CO2 emissions.[Source: CNBC]

Vasco Reis, Portugal