Bosch’s new diesel exhaust system may reportedly slow automakers’ switch to EVs
In a recent report, Fitch Ratings has described German engineering giant Bosch’s new diesel exhaust system as a technology ‘breakthrough’ which may slow automakers’ switch to electric vehicles (EVs) if widely adopted.
With the new diesel exhaust system from Bosch apparently capable of bringing about a notable reduction in nitrogen oxide emissions from diesel engines, Fitch Ratings said in its report that the technology breakthrough may potentially overturn diesel’s recent weakness.
German economy depends heavily on automobile sector and a major shift in automobile sector to EV segment will require massive investment from automobile giants. While majority of German automobile companies have announced their plan to invest in EV segment, they have been reluctant so far. Even German politicians have recently indicated that a complete ban on diesel vehicles in future won’t be a good idea. In case a better diesel engine technology finds wider acceptance, some German automobile companies could continue with diesel engines instead of shifting majority of their models to electric platform.
In addition, Fitch Ratings’ report also highlighted the fact that the new diesel exhaust technology may also ease the pressure on automakers to make an expensive, early switchover to EVs.
About the advantages of the new diesel exhaust system, Bosch has revealed in a Wednesday statement that its technology breakthrough will reduce emissions substantially below the legal limits which will be effective from 2020; thereby enabling automakers to avoid driving bans which spell a potential disaster for diesel technology.
Although there has, thus far, been no confirmation from bigwig automakers that Bosch’s new diesel exhaust system will be a viable new system for them, Bosch CEO Volkmar Denner has asserted that the technology will enable automakers to avert “blanket driving bans in the city-centers of the world’s major cities” because it will be able to “resolve the problem of nitrogen oxides in road traffic.”
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