Gerber Diss, CEO of German Volkswagen, said that the company would revise plans for the development of technologies for electric vehicles in connection with the tightening of carbon dioxide emission standards by EU authorities. The European Parliament has agreed with the EU countries that emissions will be reduced by 37.5% by 2030 relative to the 2021 target level. This rate, significantly exceeding the previously expected reduction of 30%, means that over 40% of Volkswagen cars sold in the European market must be electric. Therefore, the company will revise its plan, which implies an investment in the development of electric vehicles in the amount of 30 billion euros until 2022. The company is also planning to retool its plants and increase the production of batteries for electric vehicles.
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