Marchionne says over-emphasizing electric vehicles is a mistake and claims that large-scale electrification is "cost prohibitive." He's seen the industry put too much energy into a single alternative before:
Marchionne is walking the line for a balanced approach, one that addresses multiple forms of advanced technologies. That is what's needed to hit the 54.5-miles-per-gallon mark by 2025, he says. And this is why they pay him the big bucks.Now that hydrogen has fallen out of fashion, it is electricity's turn to be viewed as a panacea. Judging from the recent debate, particularly in Europe, there is a risk that regulatory focus will shift to this being the sole technological solution. But if regulators focus on promoting this solution alone, the outcome is absolutely predictable: capital overspend and sub-optimal results.
[Source: Auto Observer]