PSA's Tavares on Electric Vehicles, Europe's Charging Network, Brexit

The transcript discusses the challenges and opportunities in the electric vehicle market, focusing on the importance of charging network density, government involvement, and battery supply initiatives. It highlights PSA's strategic approach to efficiency and adaptation in the face of industry transformation and potential Brexit impacts.

What are the three key factors that need to align for consumers to feel comfortable with electric vehicles?

• Fuel efficiency, size, and safety features

• Price, color options, and warranty

• Speed, design, and brand reputation

• Affordability, range, and charging network density

What is the mission of the European Automotive Association regarding electric vehicles?

• To promote hybrid vehicles over electric ones

• To increase the production of electric cars

• To enhance the density of the charging network

• To reduce the cost of electric vehicles

What is the role of governments in the transition to electric vehicles according to the transcript?

• To provide subsidies for electric vehicle purchases

• To ban petrol vehicles

• To ensure a dense charging network

• To mandate electric vehicle production

Why is local battery production considered strategically important for the industry?

• It reduces the cost of electric vehicles

• It ensures a stable supply chain

• It increases the speed of production

• It allows for more design options

What is the expected impact of electric vehicles on profit margins according to the transcript?

• They will stabilize profit margins

• They will increase profit margins

• They will have no impact on profit margins

• They will put pressure on profit margins

How has PSA prepared for potential challenges in the automotive industry?

• By expanding into new markets

• By adopting a frugal mindset and enhancing efficiency

• By focusing on luxury vehicles

• By increasing production rates

What is the stance of the speaker on a no-deal Brexit?

• It is inevitable and should be embraced

• It is beneficial for the industry

• It is not acceptable from an ethical perspective

• It is acceptable and manageable