The director of the Austrian Institute for Economic Research (Wifo), Gabriel Felbermayr, raises doubts about the feasibility of the proposed EU ban on combustion engine cars by 2035. In an interview with the magazine “Pragmaticus,” Felbermayr predicts that changes will be necessary in the current European guidelines. He argues that the timeframe set at the EU level is too ambitious and points out the challenges that lie ahead, particularly when looking towards Eastern European countries.
Felbermayr believes that exceptions and special regulations will likely be required to accommodate different circumstances across the EU member states. He emphasizes that a one-size-fits-all approach may not be suitable due to varying economic and infrastructural conditions. The Wifo director suggests that while the goal of phasing out combustion engine vehicles is commendable, a more realistic and flexible approach should be adopted.
According to Felbermayr, the transition to electric vehicles poses significant challenges, such as the availability of charging infrastructure and the affordability of electric cars. He argues that these issues need to be addressed comprehensively before implementing a blanket ban on combustion engines. The economist warns that rushing into such a strict deadline without considering these factors could have adverse effects on the European automotive industry and consumers.
Felbermayr’s concerns are grounded in the potential economic repercussions of the proposed ban. He highlights the importance of the automotive sector for many European countries, noting that a sudden shift towards electric vehicles could disrupt established supply chains and lead to job losses. He urges policymakers to take these considerations into account and work towards finding a balanced solution that supports both environmental goals and economic stability.
While acknowledging the necessity of reducing greenhouse gas emissions and combating climate change, Felbermayr questions whether the current plan will achieve its intended objectives effectively. He argues that a more gradual approach, which incorporates incentives for the adoption of electric vehicles and encourages technological advancements, could yield better results in the long run.
In conclusion, Gabriel Felbermayr, the director of Wifo, expresses skepticism about the feasibility of the proposed EU ban on combustion engine vehicles by 2035. He calls for adjustments to the current guidelines and emphasizes the need for exceptions and flexibility in order to address the diverse circumstances across EU member states. Felbermayr stresses the importance of considering economic factors, such as infrastructure readiness and affordability, when transitioning to electric vehicles. He advocates for a balanced approach that supports environmental goals while safeguarding the stability of the automotive industry and job market.
