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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