The Volkswagen Group uses and promotes sustainability-oriented business areas
Sustainability and climate-friendly business practices are central to the Volkswagen Group's strategy and reflect our commitment to environmental responsibility. Every investment decision is carefully aligned with these goals, underscoring their paramount importance.
Sustainability remains fundamental for our businesses and will become even more relevant. The escalating impact of climate change, growing consumer awareness of sustainable living, and voluntary frameworks such as the Paris Climate Agreement are key drivers.
Electric mobility plays a key role in reducing emissions from road traffic. In 2023, the share of BEVs in the Volkswagen Group was 8.3 percent, an increase of 35 percent compared with the previous year. By 2030, the global share is expected to reach 50 percent. Production ramp-up is a process that we are continuously reviewing and adapting. Further fully electrified models, such as the Audi Q6 e-tron and the Porsche Macan electric, will follow in 2024.
Through MAN ES, we offer cutting-edge technology - from carbon capture and storage to advanced heat pumps and large engines fueled by next-generation sources - that play a key role in the decarbonization of critical industries.
Since 2023, the Volkswagen Group has also been actively investing in decarbonization efforts both internally and externally through a dedicated venture capital fund. Established with an initial anchor investment of $300 million, this fund aims to accelerate the development of innovative decarbonization technologies and solutions across the mobility value chain. Stay tuned for additional updates scheduled for release this summer.
