E-Fuel Is ‘Champagne’ Fix in EU Carbon Plan, Iveco CEO Says (1)

Synthetic fuels may appeal to well-heeled Porsche and Ferrari drivers, but they aren’t a viable way for Europe’s auto industry to achieve carbon neutrality, Iveco Group NV Chief Executive Officer Gerrit Marx said.

The fuels — which proponents say offer the option to convert renewable electricity into a combustible, liquid source — are “the champagne of propulsion” due to their cost, Marx said in an interview.

Gerrit Marx

Photographer: Andreas Gebert/Bloomberg

“If you have a Ferrari or if you drive your Porsche Turbo once a weekend, you’re not going to care whether a liter costs 5 euros ($5.40) or 8 euros, but that’s not ...