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WOLFSBURG (dpa-AFX) – Volkswagen (Volkswagen (VW) vz) will probably not achieve the European CO2 targets with its car fleet this year and probably next year either. The result could be billions in fines from the EU. “We are now working under high pressure to get as close as possible to the goals,” said CEO Herbert Diess of “Wirtschaftswoche”. In 2021 it will then be “easier” because of the hoped-for stronger market penetration of e-cars – “from 2022 we should no longer have any problems achieving the fleet targets”.
Diess had already indicated that the emission standards from Brussels will be narrowly torn for the time being. The limit values are “a gram or so” away, he said in early November. “We haven’t given up yet, but it will be very close to achieving the fleet goals.” VW (Volkswagen (VW) vz) has also launched new electric cars such as the ID.3 in the current year, and other models are in preparation. So far, however, it has not been possible to compensate for the sometimes high CO2 values of larger cars such as SUVs or sedans with the relatively small numbers.
As early as 2020, car manufacturers in the EU must comply with a limit of 95 grams of carbon dioxide emitted per kilometer driven on average for their newly sold vehicles. In an introductory phase, the five percent with the highest emissions may still be deducted; this transitional regulation will not apply in 2021. The EU Commission is considering further tightening the rules in the coming years – not only for the greenhouse gas CO2, but also for harmful nitrogen oxides that went into the diesel scandal. Diess told “Wirtschaftswoche” that VW “started relatively late” to convert its own fleet. By 2025, the group will now invest a total of 35 billion euros in e-mobility alone.
The VW CEO had previously stated that he supports the overall course of the EU Commission for further CO2 reductions. However, considerable conversion costs could arise. “If Brussels demands an even faster pace from us, then you have to say: We won’t be able to be much faster before 2025 because there aren’t enough batteries,” he said now. “Between 2025 and 2030, on the other hand, we could still grow.”
VW is now examining whether its own climate strategy needs to be corrected accordingly by 2030. It is not yet clear whether there will be sufficient capacities for a faster ramp-up of the e-fleet in the event of a further tightening of the EU targets
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