VW set to miss EU emissions targets: CEO

6 December, 2020 12:00 AM printer

FRANKFURT AM MAINl: German auto giant Volkswagen is unlikely to meet EU emissions targets until 2022, its chief executive said Friday, which could result in hefty fines.

In an interview with German business weekly WirtschaftsWoche, Herbert Diess said the VW group was working "flat out to get as close as possible" to selling enough environmentally friendly vehicles to reach the bloc's climate targets, reports AFP.

"Next year it will be easier, and from 2022 we shouldn't have any more problems achieving the fleet targets," he said.

Under new European Union legislation that came into force this year, manufacturers' fleets of newly-sold cars must emit on average less than 95 grammes of CO2 per kilometre, on pain of fines from 2021.

To meet the goal, carmakers across the industry must massively increase their sales of electric and hybrid cars.

If they fall short of the carbon targets, carmakers risk fines that could run into hundreds of millions of euros (dollars).