Hyperdrive
VW Faces Small Fine After Missing Europe CO2 Emissions Target
- Virus outbreak exacerbated delays for ID.3 electric car
- Automaker expects expanding EV lineup to seal 2021 compliance
VW’s electric car sales weren’t enough to offset emissions from the rest of its fleet.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Volkswagen AG narrowly missed complying with stricter emissions standards set by the European Union last year, a disappointment for the company plotting the most ambitious push into electric vehicles among legacy carmakers.
The shortfall of about 0.5 gram of carbon dioxide emitted per kilometer driven may lead to a fine of more than 100 million euros ($121 million), an amount that won’t affect VW’s earnings because the company had already provisioned for possibly missing its target.