BERLIN, April 9 (Reuters) - 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
CUPRA CEO: High Fuel Prices May Drive EV Demand, But Cheap Electricity is Vital
Impact of Fuel and Electricity Prices on Electric Vehicle Demand
BERLIN, April 9 (Reuters) - 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.
Potential Boost from High Petrol Prices
"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.
Importance of Competitive Electricity Prices
However, ensuring electricity prices are competitive is key in making EVs attractive, Haupt said, adding, "This has to be our priority number one."
Reporting and Editing Credits
(Reporting by Rachel More; Editing by Christoph Steitz)
