BERLIN, Jan. 21 (Xinhua) -- Volkswagen Passenger Cars has exceeded the European CO2 fleet emission targets for 2020, producing around six million grams fewer CO2 than required by law, the German carmaker said on Thursday.

Compared with the previous year, CO2 emissions of Volkswagen's passenger car fleet of new vehicles fell by 22 percent year-on-year, according to preliminary company figures.

Overall, the Volkswagen Group, which includes brands like Audi and Skoda, narrowly missed the European Union (EU) target for last year by around 0.5 grams of CO2 per kilometer. Since the group had set aside provisions at an early stage, the ensuing fines would have no significant financial impacts on the company's fourth-quarter earnings.

Volkswagen's passenger car fleet of new vehicles in the EU achieved average CO2 emissions of 92 grams per kilometer, while the legal CO2 target for the brand was 97 grams per kilometer, according to the German carmaker.

For passenger cars, CO2 emissions are regulated by the EU and a specific threshold value is calculated for each manufacturer to ensure that the European fleet value is achieved. Penalties are imposed for non-compliance with the limit values.

The Volkswagen brand delivered 212,000 electric vehicles last year, the company said. The share of fully electric vehicles included in this figure tripled year-on-year to 134,000.

In the Netherlands and Germany, Volkswagen Passenger Cars managed to "leap to the number one spot in all-electric vehicles" last year, with a share of 23.8 percent in Germany's battery electric vehicle (BEV) market and 23 percent in the Netherlands.

"We significantly reduced the CO2 emissions of our new vehicle fleet in the EU. The Volkswagen and Audi brands in particular have made a major contribution to achieving this with their e-offensive," said Herbert Diess, chief executive officer (CEO) of the Volkswagen Group. Enditem

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