BMW, Toyota and Volkswagen among brands to decline COP26 electric car deal
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The BMW Group, Renault Group, Hyundai Motor Group and Stellantis, who represent brands such as Peugeot and Vauxhall, all declined to sign the electric car agreement. Toyota and Volkswagen also declined to sign despite months of negotiations, according to AutoCar.
Manufacturers who did sign the agreement include Jaguar Land Rover, Mercedes and Volvo.
Despite the UK backing the agreement, China, France, Germany and the United States were among the largest nations to not sign up.
The Financial Times claims the failure of China, Germany and the United States to back the deal was a key reason many top firms declined.
However, Volkswagen said their refusal to sign was down to the “pace of transformation”.
They said this would “differ from region to region” depending on political decisions and investment in local infrastructure.
They said: “The Glasgow declaration calls for automotive manufacturers to work towards reaching 100 percent zero-emission new car and van sales in leading markets by 2035 or earlier, supported by a business strategy that is in line with achieving this ambition.
“The Volkswagen Group is fully committed to a rapid transformation of its portfolio to battery electric vehicles as the primary means to achieve zero-emission vehicles.
“Consequently, Volkswagen has built its new corporate NEW AUTO strategy all around the transformation of its business towards zero emissions.
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“While transformative speed is of the essence, the pace of transformation will still differ from region to region (Europe, US, South America, China…), depending, among other factors, on local political decisions driving EV and infrastructure investments.
“Furthermore, we believe that an accelerated shift to electromobility has to go in line with an energy transition towards 100 percent renewables.“While the overall global goal of reaching zero emissions in line with the Paris Agreement is non-negotiable, regions developing at different speed combined with different local prerequisites need different pathways towards zero emissions.
“Therefore, the Volkswagen Group, representing business activities in all major-markets worldwide, decided not to sign the declaration at this point in time.”
Stellantis added: “Building upon the EV Day momentum, Stellantis has already 14 BEV and 14 PHEV models available for its customers and Intensifies Electrification with a comprehensive plan supported by more than €30 billion through 2025 in electrification and software development.
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