German automakers have a 50% chance of maintaining world leadership in the next 10 years

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German automakers need to transform their business in accordance with the new rules, obliging to reduce emissions by 35% by 2030. Otherwise, their chance to remain leaders in the automotive industry will be only 50%, Volkswagen CEO Herbert Diess said. According to estimates of the German Automobile Industry Association VDA, Germany may lose 600 thousand jobs in 2030 due to the ban on cars with internal combustion engines. Diess said that in order to reduce CO2 emissions by 30% by 2030, the share of all-electric Volkswagen cars from sales of new cars should be increased to 30%. If to reduce emissions by 40%, then their share should be 50%.

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