Mercedes-Benz CEO Ola Källenius warns the EU’s 2035 CO2 vehicle ban risks collapsing the European car market and calls for a balanced, tech-neutral approach.

Starting in 2035, the EU has a plan to ban CO2-emitting vehicles, but Källenius wants the target reevaluated and has sounded the alarm in hopes of positively

The ban, which supporters say is crucial to Europe's green ambitions, is up for review, with critics saying it would handicap European carmakers.

Four years ago, the head of Mercedes-Benz announced that by the end of this decade it would sell only electric cars. From 2025 onward, all new platforms would support electric power and not gas. The automaker's CEO said that "the tipping point is getting closer" and that the company needed to be ready to ensure its survival.

Mercedes-Benz CEO Ola Källenius has issued a stark warning: if the European Union sticks to its 2035 ban on combustion-engine cars, the continent’s automotive industry could face collapse.

Without ICE vehicles, the company’s head honcho believes the local automotive industry will "collapse." In an interview with the German business newspaper Handelsblatt (subscription required), Ola Källenius warned that if the EU’s sales ban on new combustion-engine cars remains in place for 2035,