The German concern Volkswagen detailed how it plans to achieve zero carbon emissions by 2050, including through large investments in renewable energy technologies.
VW mapped out a decarbonisation plan and published it as part of its first Path to Zero convention. The firm is focused on developing a new line of electric vehicles under the ID brand, and CEO Ralf Brandstätter said it will now strive to reduce its carbon footprint during production.
“Our big electric offensive was just the beginning,” Brandstätter said. “We take a holistic approach to decarburization, from production to processing. In 2020, the Volkswagen Group’s global carbon footprint was 369 million tonnes. If Volkswagen were a country, it would rank 10th on a par with the UK in terms of emissions. “
VW has set a target to reduce CO2 emissions per vehicle in Europe by 40% by 2040 compared to 2018 levels, which the company says represents a reduction of about 17 tonnes.
To meet the climate targets set out in the European Environment Agreement, the brand needs to increase its share of electric vehicle sales from 35% to 55% by 2030, which translates into an additional 300,000 EV units sold per year, Brandstätter said. But the company has set itself the goal of reaching 70% of total sales in Europe and over 50% in the US and China.
To boost EV sales, VW will release at least one new electric ID model every year. In addition, the company is working to decarbonize its production and supply chains, and has promised that by 2030 all of its factories, with the exception of those in China, will operate exclusively on green electricity.