Volkswagen CEO Confirms Readiness for Europe's 2035 Fossil-Fuel Car Ban

Volkswagen CEO Oliver Blume announced at the IAA mobility show in Munich that the company is prepared for Europe's planned 2035 ban on new sales of fossil-fuel cars. Volkswagen aims to meet the ban by ramping up its electric vehicle lineup and reducing battery costs through partnerships in China. Blume acknowledged the competition from Chinese EV makers and emphasized the need to focus on cost reduction while maintaining top-quality car production.