VW races to meet EU target with new pooling deal
(EurActiv, 21 Sep 2020) Volkswagen has brokered an “insurance policy” agreement with MG Motor that will allow the German carmaker to count the firm’s electric car sales alongside its own, in what is seen as a last ditch effort to comply with the EU’s 2020 CO2 emissions target.
VW has entered into a so-called pooling deal with MG, which is owned by China’s SAIC Motor, that will reduce the German company’s average emissions and bring it in line with European legislation, EU documents reveal.
According to the 2020 regulation, carmakers have to slash their fleet emissions down to an EU-wide average of 95g of CO2 per kilometre. Each firm has its own goal and while some are on track to meet their benchmarks, others are struggling.
VW was expected to hit its target without any outside help and has timed sales of its new ID:3 electric car to fall within the 2020 window, meaning the MG deal is an unexpected development. It will also launch its ID:4 electric SUV later this month.