Volkswagen Announces Comprehensive Plan to Achieve Carbon Neutrality by 2050

Ralf Brandst?tter Volkswagen Brand CEO

Photo by Volkswagen Korea

[Asia Economy Reporter Ki-min Lee] Volkswagen announced that it will reduce the carbon dioxide (CO2) emissions of vehicles launched in the European market by 40% by 2030 and achieve carbon neutrality by 2050.

According to Volkswagen Korea on the 30th, Volkswagen held the 'Way to Zero' convention in Germany the day before and announced a comprehensive plan for carbon neutrality.

First, by 2025, it plans to invest 14 billion euros (approximately 18.7983 trillion KRW) to support the construction of wind and solar power plants in Europe and other regions for decarbonization. Currently, it is supporting the construction of a 170 million kW solar power plant in Germany, which is scheduled to be completed by the end of next year. The eco-friendly electricity produced at the power plant will be used for Volkswagen electric vehicle production.

Volkswagen will also operate all factories worldwide except in China with eco-friendly electricity starting in 2030, and use eco-friendly parts such as tires and aluminum. Facilities for recycling electric vehicle batteries and raw materials will also be operated.

Volkswagen plans to launch at least one new electric vehicle model every year. Volkswagen expects that by 2030, at least 70% of Volkswagen car sales in Europe will be electric vehicles.

Ralf Brandst?tter, CEO of the Volkswagen brand, said, "Volkswagen's large-scale electrification 'offensive' is only just beginning," adding, "We will promote decarbonization in all processes from production to recycling."

He also suggested, "Volkswagen cannot shoulder the decarbonization of mobility alone; the government, industry, and society must all come together to generate good ideas and make bold investments."

This content was produced with the assistance of AI translation services.