Mercedes-Benz CEO warns that relaxed EU targets for electric cars may not benefit as intended. Proposals allow sales of internal combustion engine cars past 2035. Mercedes unveils S-class series to boost sales after a challenging 2025. Automakers can still sell hybrids and use sustainable fuels to meet CO2 reduction goals. Plan requires EU member states’ approval and sets electrification targets for corporate fleets. Market may shrink during transition, CEO says.

Read more at Yahoo Finance: Mercedes CEO says details of EU’s relaxed EV targets could negate benefits