Volkswagen faces EU fine for missing emissions targets

by SpeedLux
Volkswagen logo

Volkswagen faces a fine of over 100 million euros ($121 million) for missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet, the world’s largest automaker said on Thursday.

It reduces average CO2 emissions in the fleet in the European Union by around 20% to 99.8 g/km, but that was around 0.5 g/km above its target, the automaker said.

That implied EU fines amounting to a “very low triple-digit million amount,” a spokesman informed.

Worried about global warming, and also air pollution, European policymakers have clamped down on exhaust emissions, forcing automakers to spur development of low-emission technology or deal with a penalty of 95 euros per gram of excess CO2 they emit.

“We narrowly missed the fleet target for 2020, thwarted by the COVID-19 pandemic,” Volkswagen CEO Herbert Diess said in a statement, adding he hoped to meet the target this year as the automaker’s main brands bring out new electric models.

VW was helped closer to its target by a pooling system that permits automakers above their limit to pay competitors who are below.

Volkswagen is cutting the number of combustion-engined cars it provides and retooling more factories to build electric vehicles to try to keep up with electric automaker Tesla.

It has said the EU’s more stringent emissions targets will force it to increase the proportion of hybrid and electric vehicles in its European car sales to 60% by 2030, increasing from an earlier target of 40%.

Volkswagen confessed in 2015 to cheating emissions tests on diesel engines, a scandal that has cost it over 30 billion dollars in regulatory fines and vehicle refits, largely in the United States.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More