Porsche backs synthetic option in EU fossil fuels row

The CEO of German auto giant Volkswagen and its luxury subsidiary Porsche on Monday backed moves by Berlin to block a European ban on new combustion engines from 2035.

“We think e-fuels (synthetic fuels) can play a useful complementary role for a large number of existing cars and niche segments,” Oliver Blume said at the presentation of Porsche’s annual results for 2023.