The International Energy Agency (IEA) has indicated that an annual investment of $4.5 trillion (£3.7 trillion) will be necessary starting from the beginning of the next decade for the world
BMW’s chief states that the net zero mandate on gasoline vehicles is intensifying price competition in China.
“As the EU progresses with its plans to prohibit combustion engines, European automakers are finding themselves in a pricing battle with Chinese counterparts,” warns the BMW head.