- Volkswagen Passenger Cars and Audi overfulfill fleet targets
- Average CO2 emissions of the Group’s new passenger car fleet decreased by around 20 percent in the year now ended compared with 2019
- Proportion of electric vehicles in EU increased more than fivefold in the same period; Group is clear BEV market leader in Western Europe
- Target set for CO2 pool with other manufacturers narrowly missed by around 0.5 g/km; Q4 earnings not impaired by provisions formed in advance
- CEO Herbert Diess: “Along with Volkswagen and Audi, CUPRA and ŠKODA are now also bringing out attractive electric models, which will allow us to meet the fleet targets this year.”
E-offensive gains traction: Volkswagen Group significantly reduces CO2 fleet average in the EU
The Volkswagen Group’s e-offensive is gaining traction: deliveries of electric models in the EU including the UK, Norway and Iceland increased more than fourfold in the year now ended to a total of 315,400 electric vehicles (2019: 72,600). The proportion of battery electric vehicles (BEVs) and plug-in-hybrids (PHEVs) in the total deliveries rose to 9.7 percent (2019: 1.7 percent). The Volkswagen Group is thus the clear market leader in the all-electric segment in Western Europe, accounting for a share of around 25 percent (2019: 14 percent). The main drivers of this development were the Volkswagen Passenger Cars and Audi brands, which overfulfilled their CO2 fleet targets largely due to the successful start-up of their ID.3 and e-tron electric models. Based on preliminary figures, the Volkswagen Group thus reduced the average CO2 emissions of its new passenger car fleet in the EU by around 20 percent compared with 2019 to 99.8 g/km in 2020. The emissions of Bentley and Lamborghini are measured individually, which is why they are not included in this figure. In anticipation of narrowly missing the target for the CO2 pool established jointly with other manufacturers by around 0.5 g/km, the Group had recognized provisions at an early stage to avoid any impact on fourth-quarter earnings.