BMW CEO backs hydrogen as Europe’s strategic opportunity
BMW CEO backs hydrogen as Europe’s strategic opportunity - but says all tech must stay on the table π©πͺπ⚡️ BMW Group CEO Oliver Zipse has doubled down on the firm’s long-standing multi-tech strategy, telling investors that “there is no single answer” to decarbonising the car. Speaking during the company’s half-year results call, he argued that hydrogen could offer Europe a vital industrial advantage in the transition to net zero - and warned that dependence on a single drivetrain technology could ultimately damage the industry. “Hydrogen, for example, offers Europe an opportunity to use our expertise and take the lead on an emerging technology that will contribute to our climate goals,” Zipse said. “And, unlike BEVs, without the need for large amounts of raw materials or battery technology which are not localisable at large scale in Europe.” It’s not a new message from BMW, but it comes at a time of growing tension in European industrial and transport policy, with critics warnin...