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.
#tech #europe #Carbon
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.
While you are probably familiar with origami, the classic art of paper folding that results in things like birds that flap their wings when you pull the tail, or plot devices in one of the Blade Runner films.
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).
A young(ish) guy that I’ve known for a number of years, a man who spent the better part of his career writing for auto buff books and who is a car racer on the side, mentioned to me that his wife has a used Lexus ES Hybrid.