Sixt CEO warns of EU electric quota and higher rental car prices

The EU Commission plans to speed up the electrification of corporate fleets, which Sixt's CEO warns could raise rental car prices. Konstantin Sixt stated that higher vehicle costs would be passed on to customers. He described the draft as an example of well-intentioned policy sliding into a planned economy.

In Düsseldorf, Sixt CEO Konstantin Sixt has warned against the EU Commission's plans. The quota for low-emission or emission-free vehicles in German corporate fleets is set to reach up to 83 percent by 2030 and 95 percent by 2035.

Sixt told Handelsblatt: "If vehicle costs rise, we would have to pass that on." He highlighted implementation issues, rising costs, and growing dependence on China, which dominates battery production.

The industry leader noted experiences that reduced the electric share in Sixt's fleet: "We had to realize that our customers did not want to follow the transformation pace." Sixt views the EU draft as a "backdoor ban on combustion engines" and an example of "how well-intentioned policy can slide into a planned economy."

The announcement has drawn industry criticism for aiming to electrify fleets while posing practical challenges.

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EU officials at Brussels press conference unveiling 2035 car emissions proposal allowing 90% reduction with hybrids, amid mixed Swedish political and industry reactions.
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EU formalizes 2035 car ban softening with 90% emissions target, mixed Swedish reactions

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Following initial reports last week, the EU Commission has detailed its proposal to replace the 2035 total ban on new petrol and diesel cars with a 90% emissions reduction requirement. Hybrids remain viable via offsets like biofuels, prompting support from Christian Democrats but criticism from Social Democrats and Volvo.

The EU Commission has partially rolled back the planned 2035 combustion engine ban, which a study by the think tank Transport & Environment says could lead to higher CO₂ emissions and declining EV sales. The original 100 percent CO₂ reduction was softened to 90 percent, reducing the share of pure electric vehicles to 85 percent. Experts fear job losses in the German automotive industry.

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The EU Commission aims to ease the planned ban on combustion engines in new cars from 2035. Instead of full emission-free status, a 90 percent reduction in CO₂ emissions is proposed. Critics decry it as an undemocratic process.

Leopoldo Satrústegui, president of Hyundai Spain, has called the ‘made in Europe’ requirement in the new Auto+ electric vehicle subsidy plan a mistake. He argues subsidies should be equal for all models and criticizes the price and battery criteria. He also announces the launch of premium brand Genesis in the Spanish market this year.

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Top Trump administration officials visited the Detroit Auto Show to promote efforts aimed at reducing car prices through the rollback of electric vehicle regulations. The moves, part of a broader de-emphasis on EVs, seek to align policies with consumer demand for traditional vehicles amid rising affordability concerns. Officials emphasized that these changes would not target EVs but rather end penalties on combustion engines.

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