Mexican Media Brands
VW: New CO2 Standards Will Hike EV Sales Targets
Volkswagen AG says new standards that would require European carmakers to lower carbon dioxide emissions 37.5% by 2030 instead of 30% will mean a faster rollout of electrified vehicles.
#hybrid #regulations
Share
New standards that would require European carmakers to lower carbon dioxide emissions 37.5% by 2030 instead of 30% will mean a faster rollout of electrified vehicles, says Volkswagen Group CEO Herbert Diess.
VW had been planning to spend €30 billion ($34.2 billion) over the next five years to electrify enough cars to meet the 30% target. But Diess says the new CO2 rule approved on Monday by the European Union means that VW’s schedule “is not yet sufficient.”
He says adjusting to the tougher target will mean further changes to the company’s product lineup—perhaps including fewer piston-powered models, access to more battery capacity and a “significant adjustment” to factory production plans and equipment.
VW will review its product strategy next autumn, Diess says. By then it should be clearer whether the new 30% target for CO2 reduction is headed for approval by the EU’s 28 member states.
RELATED CONTENT
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
-
2018 Chevrolet Bolt EV Premier
There are two ways to consider the Chevy Bolt. One is the car. The other is the environment it exists in.
-
Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.