“Global markets will cool down with interest rate hikes”

Messages from US and European central banks that they will continue to raise interest rates in the coming months increase the risk of recession in global markets. One of the sectors that will be most affected by this situation will be the automotive sector. Alfa Romeo CEO Jean-Philippe Imparato spoke to SÖZCÜ about the Turkish and global automotive industry.

REDUCES THE MARKET

Expressing that interest rate hikes will have a direct impact, Imparato said: “The global market is affected by these interest rates. This slows down the markets and cools them down. We will see and interpret according to the results of the first quarter, ”he said.

Recalling that sales in Turkey’s domestic market have moved in the range of 700,000 to 800,000 in recent years, Imparato drew attention to the fact that this number should increase to 1 million or more. Expressing that the chip crisis will gradually abate in the coming period, Imparato noted that there is a question mark on the availability of batteries used in electric vehicles. Imparato said this problem could ease by 2023, with markets likely to cool off in some parts of the world, starting with Europe.

extended range

Expressing that the autonomy of electric vehicles should be increased, Jean-Philippe Imparato stated that the autonomy should be around 700 kilometers. Explaining that for a vehicle with a range of this scale, 2 hours will be spent at the charging station, Imparto said that this can be done in 20 minutes with fast charging. “It is necessary to come easily from Turin to Rome or from Paris to Turin,” Imparato said.