VW's Showing Its True Color

The European Parliament has entered negotiations over the goal to reduce emissions from new cars by 30 to 40 percent by 2030. But VW, who claimed to be on board with the electric revolution, especially since being involved in the Dieselgate scandal, is now fighting back against the new proposal. CEO Herbert Diess claimed the industry could crash and lose 100,000 jobs. By 2025, VW hopes that its electric production plan will lead to 3 million electric vehicles per year between all their brands.  How good can be the fight against this proposal for the carmaker supporting the electric revolution? 

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Germany relies massively on it car manufactures and related industries, but they have not taken EV's seriously at all. Now it's been shown how high demand is for them they are running scared. Whats the betting the pressure from the industries and unions mean the German government will put short term profit over lives and health. Although I've said for many years despite governments we will head towards a more sustainable healthy environment because of the economics.

Reading several articles recently here on oilprice that have been misleading on battery development and costs. Why would costs only fall 10% per year when they have been falling by 20% and now money is pouring into R&D. The $100 KW/hr isn't something set in stone but depends on many factors and this will be reached very soon not 9 years away.

The german manufactures, like many others are like rabbits in the headlights, hopefully they will push harder in the direction of EV's and save those jobs and people lifes.

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This is the evidence that VW doesn't really plan to achieve the announced targets of electrification because 12 million BEVs in 2025  would mean that they should be able to reach the CO2 emission standards in 2025 and comfortably over achieving it in 2030. Just like in the past, bold claims and nothing behind.

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They have a long, long way ahead. They have to achieve the targets for all brands. Easy for Porsche and Audi. Doable for VW. But Seat and Skoda will be a lot harder since you can only sell those at 2/3 and 1/2 of the price of a comparable VW.

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I think they are looking at it as a way to slow the transition to BEV and give time to turn the ship. The slower the market changes the better chance of survival. But it comes with risk. Giving more runway to Tesla and China. 

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