Energy

Why Nissan is moving from the internal combustion engine in Europe

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The chief operating officer of Nissan on Tuesday explained that his company has decided to move away from the development of new internal combustion engines in Europe once a tougher set of emissions standards, known as Euro 7, come into force.

During an interview with CNBC’s “Squawk Box Europe,” Ashwani Gupta laid out some of the reasons behind the planned shift, a subject he has addressed a number of times in the past.

A key reason behind the decision, Gupta said, related to how competitive ICE cars would be following the introduction of Euro 7, given that new technology would have to be used for these vehicles to comply with regulations. Another factor to consider was whether customers…



Source cnbc.com

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