Markus Haupt said high petrol prices may boost EV demand, but affordable electricity remains key.
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The CEO of Volkswagen’s Spanish subsidiary SEAT/CUPRA sees a potential boost to electric vehicle demand if petrol prices remain elevated, adding electricity prices also played an important role.
“Of course, if petrol prices go up and it’s something that stays for long, this could be a booster,” Markus Haupt told reporters on Thursday after unveiling the CUPRA Raval hatchback, the first in a series of all-electric urban cars from the group’s core brands.
However, ensuring electricity prices are competitive is key in making EVs attractive, Haupt said, adding, “This has to be our priority number one.”
