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Volkswagen:EU CO2 Regulation: Difference between revisions
Volkswagen:EU CO2 Regulation (view source)
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== Summary == | |||
Based on the research, we [https://docs.google.com/spreadsheets/d/1N5-EbJE-JY6cILPETeU8LtbMcSBoPyBgk8Y_w21J1uw/edit?gid=1593122828#gid=1593122828 calculate] that Volkswagen will have to increase its share of passenger car BEVs in the EU to 16.7% from around 12% in 2023, improve efficiency of its ICEs by 12.5% between 2023 and 2025 and pool in around 219,358 BEVs from another manufacturer in order to meet its 2025 passenger cars CO2 statutory targets in the EU and avoid paying any penalty. However, it will have to pay the cost of pooling certificate which would be around 575 million euros. On a positive side, if Volkswagen increases its passenger car EU BEV share to around 23.4% by 2025 and improves efficiency of its passenger ICE vehicles by 12.5% between 2023 and 2025, it wouldn't need any pooling to meet the EU CO2 statutory targets for 2025. | |||
== About the regulation == | == About the regulation == | ||
In 2019, the EU came up with a regulation to help reduce the emissions of carbon dioxide (CO2). The EU Commission estimates that passenger cars and light vehicles are responsible for 16% and 3% of the emissions, respectively. The regulation was amended on April 2023 to reflect the EU's ambitions to reach climate neutrality by 2035. Here are the contents of the regulation<ref>https://climate.ec.europa.eu/eu-action/transport/road-transport-reducing-co2-emissions-vehicles/co2-emission-performance-standards-cars-and-vans_en</ref>: | In 2019, the EU came up with a regulation to help reduce the emissions of carbon dioxide (CO2). The EU Commission estimates that passenger cars and light vehicles are responsible for 16% and 3% of the emissions, respectively. The regulation was amended on April 2023 to reflect the EU's ambitions to reach climate neutrality by 2035. Here are the contents of the regulation<ref>https://climate.ec.europa.eu/eu-action/transport/road-transport-reducing-co2-emissions-vehicles/co2-emission-performance-standards-cars-and-vans_en</ref>: | ||