"When the Green Deal comes, we will need 40 large battery factories in Europe"

Herbert Diess, VW CEO on the question why Chinese and American companies built large 🔋 plants but no German

Diess "A good question. I talked to everyone in Germany, but they waved it off."
Herbert Diess

"Many suppliers believe it is too late to get involved. I am convinced of the opposite. We are still at the very beginning of development."
Diess continued

"If the EU's Green Deal comes about in the way it seems likely, the battery factories announced so far in Europe will only cover around five to ten percent of demand."
VW builds a Battery factory in Salzgitter together with Northvolt

Diess

"For the major German suppliers, this would be a solvable task. For the traditional plant manufacturers, too. "
Diess continued

"This involves mechanical engineering, process technology, and chemistry. All things that German companies have mastered. Instead, we prefer to discuss synthetic fuels"

Porsche invests in e-Fuels
Diess:

"For the same distance, a car running on synthetic fuels needs five to six times more electricity than an e-car. Therefore, the technology is suitable for niche applications at best."
Herbert Diess, CEO VW concluded

"But for the masses, this (eFuels) is unthinkable from an economic point of view alone. The issue is over. Everyone knows that the climate targets for the coming years can only be achieved with electric cars."
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