VW Wants EU to Soften Emissions Targets the Carmaker Can’t Hit
- CEO Blume says framework for EV ramp up aren’t in place
- Carmakers missing stricter CO2 limits next year face big fines
The exhaust system for a Volkswagen AG Passat saloon.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Volkswagen AG wants European regulators to walk back emissions targets that are set to kick in next year and expose Germany’s biggest carmaker to hefty fines.
VW needs to reduce emissions by about 15% next year, according to market researcher Jato, just as EV demand in Europe is taking a hit. From 2025, automakers in the EU have to lower the amount of CO2 emitted across new vehicle fleets, a task that will be even tougher because of a new measuring standard more closely aligned with actual driving conditions.