Cyprus Mail
BusinessInternational

VW to end sales of combustion engines in Europe by 2035

volkswagen reuters

German carmaker Volkswagen (VOWG_p.DE) will stop selling combustion engines cars in Europe by 2035 as it shifts to electric vehicles, but later in the United States and China, a board member was quoted as saying on Saturday.

“In Europe, we will exit the business with internal combustion vehicles between 2033 and 2035, in the United States and China somewhat later,” Klaus Zellmer, Volkswagen board member for sales, told the Muenchner Merkur newspaper.

“In South America and Africa, it will take a good deal longer due to the fact that the political and infrastructure framework conditions are still missing.”

By 2050 at the latest, the entire Volkswagen fleet should be CO2-neutral, Zellmer told the newspaper.

In Europe, he is aiming for electric cars to account for 70 per cent of total sales by 2030. This would prepare the company for a possible tightening of the European Union’s climate targets and even go beyond them.

EU policymakers have clamped down on exhaust emissions, forcing carmakers to spur the development of low-emission technology or face penalties if they exceed limits on CO2 emissions.

Related Posts

Cypriot based tech firm automates investment decisions process

Panis Pieri

Data regulations weigh heavily on business decisions

Kyriacos Nicolaou

Offshore wind farms move ahead full sail with underwater help

CM Guest Columnist

For automakers, the EV surge is everything everywhere all at once

Reuters News Service

Gold subdued as US data backs Fed rate stance

Reuters News Service

Cypriot KV Fund looking for pre-seed and seed startups to invest in

Panis Pieri