Volkswagen today announced details of its "Way to Zero" plan, its strategy for decarbonizing the company and its products. The plan was presented at the company's first Way to Zero Convention, where Volkswagen introduced a new interim target of a 40% reduction in CO2 emissions per vehicle in Europe by 2030. Ralf Brandstätter, CEO of Volkswagen, said: "Volkswagen stands for sustainable e-mobility for all. We've set out on the 'Way To Zero' and are consistently placing the environment at the focus of all our activities. Our big electric offensive was just the start. We're taking a holistic approach to decarbonization: from production through service life to recycling. And we're the first car maker to support the expansion of renewable energies on an industrial scale." Volkswagen has committed to be net carbon neutral by 2050 at the latest.