Volkswagen plans to reach CO2 standard in 2021November 21, 2020
According to CEO Herbert Diess, Volkswagen expects it will be easier to meet the European CO2 standard in 2021. This is mainly due to the fact that VW wants to double the number of supplied electric vehicles next year, in particular, the ID.4 and Skoda Enyaq.
This year there are still exceptions for the 5% of models that emit the most CO2, but next year the European Union will tighten the screws a little harder. The compensation that can be obtained by putting emission-free vehicles on the market, the so-called “super credits”, will also decrease.
While meeting the CO2 standard is becoming increasingly difficult, Volkswagen expects that it will be relatively easy to achieve this goal. CEO Herbert Diess said he expects Volkswagen to benefit from stronger EV production next year. So the ID.4 and Skoda Enyaq, among others, will have to do their part, along with Audi and Seat.
In 2020, Volkswagen sold a total of about 140,000 electric vehicles, almost 3 times more than last year. The share in total sales is 5 to 6 percent, but it needs to be increased. Volkswagen is investing heavily in electric vehicles: the group is investing 35 billion euros in its development over the next five years. This will enable Volkswagen to meet current EU CO2 targets in the medium term, Disss said.
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