VW accelerates electric push with more models, more production

“Volkswagen is taking on responsibility with regard to the key trends of the future — particularly in connection with climate protection. The targets of the Paris Agreement are our yardstick,” Diess said in astatement at the automaker’s annual press conference here on Tuesday.

To pay for the global transition to electric mobility, VW has set aggressive financial goals to improve efficiency and performance across the company, Diess said.

VW plans to reduce average CO2 emissions from its new vehicles by 30 percent by 2025 and 40 percent by 2030, compared with 2015 levels, he said.