VW’s Diess warns emissions push could make cars too expensive for some EU consumers

Volkswagen Group CEO Herbert Diess warned that the European Union’s proposed emissions target for 2030 is too demanding and the resulting push to EVs could make motoring too expensive for some consumers.

Diess said VW Group will be able to comply with the EU’s average fleet carbon dioxide emissions of around 60 grams per km by 2030 by boosting sales of its full-electric cars to between 45 percent to 50 percent of the group’s total volume. But he warned: “I am not sure how many customers could afford it.”

Buyers of premium cars will be able to afford more expensive EVs, “but I am not sure about a broader customer base,” Diess told reporters on the sidelines of the Detroit auto show last week.

As examples, Diess said the retail price of a VW Up minicar that could rise in price by about 3,500 euros to 14,500 euros to be compliant with the 2030 emissions target. The price for the small Polo model could rise by 4,000 euros, he said.