Volkswagen faces an EU fine for missing 2020 emissions targets

PHOTO FILE: The German carmaker Volkswagen’s logo appears on a fringe cap in the showroom of Volkswagen’s car dealer in Brussels, Belgium July 9, 2020. REUTERS / Francois Lenoir

BERLIN (Reuters) – Volkswagen is fined more than 100 million euros ($ 121 million) for missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet, the person said. -s largest sale in the world Thursday.

It cut average CO2 emissions in the EU fleet by about 20% to 99.8 g / km, but that was about 0.5 g / km above its target, Volkswagen said.

That said EU fines amounted to “a very low three-million million amount”, a spokesman said.

European policymakers have stopped emitting emissions, forcing carmakers to encourage the development of low-emission technology or face a penalty of 95 euros per gram of excess CO2 they emit. spreading.

“We have almost missed the fleet target for 2020, downplayed by the COVID-19 pandemic,” Commander Herbert Diess said in a statement, adding that he hoped to meet the target in time. year as the company’s major brands release new electric models.

Volkswagen is reducing the incineration cars it offers and recalling more factories to build electric vehicles in an effort to keep up with electric car maker Tesla.

They have said that tougher EU emissions targets will lead to an increase in the proportion of hybrid and electric vehicles in European car sales to 60% by 2030, up from a previous target of 40%.

Volkswagen in 2015 admitted to conducting fraudulent tests on diesel engines, a scandal that cost more than 30 billion euros ($ 33 ​​billion) in regulatory fines and vehicle refurbishment, mostly in the United States.

Reporting by Jan Schwartz, written by Emma Thomasson; edited by Jason Neely

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