Volkswagen says it is on course to exceed its CO2 reduction targets for passenger car fleets for 2020.
Citing preliminary data, the automaker claims these fleets of vehicles emitted about 6 million grams less CO2 than required by European Union law last year. Its combined passenger car fleet of new vehicles in the EU achieved average CO2 emissions of 92g/km, while the legal CO2 target for the brand was 97g/km.
As a result, CO2 emissions fell 22% compared to the previous year.
Between 2020 and 2024, Volkswagen says it will invest more than €11 billion ($13.3 billion) into electric mobility, transform further production facilities such as Emden in Germany or Chattanooga, TN, in the U.S. following the plants in Zwickau and Dresden and wants to bring 20 new fully electric models onto the market by 2025. Volkswagen last year delivered more vehicles with electrified powertrains than ever before, at 212,000 units. The number of battery-electric vehicles tripled to 134,000 compared to 2019, of which 56,500 were the ID.3 model.
Volkswagen Passenger Cars CEO Ralf Brandstätter says: “We want to develop Volkswagen into the most attractive brand for sustainable mobility. We are continuously pursuing this goal with our ‘Way to Zero’ and will energize the brand even further in future.”