Volkswagen AG has been contemplating if the manufacturer should completely discontinue the sales of diesel vehicles in the US market permanently.
When nearly three quarters of the sales of Volkswagen’s in the US market constitutes of diesel powered cars, following the diesel gate scandal, VW has been reportedly assessing whether to resume the sales of diesel powered cars in America, even if it were allowed to.
Since late 2015, Volkswagen was barred legally from selling diesel vehicles in the United States after the company was found guilty of using a “defeat device” to cheat the emission standards of diesel powered cars in the US.
Volkswagen is currently awaiting approval from the US regulators to resume the sales of diesel powered cars, and Volkswagen has been reported to have said that the management will continue to evaluate the situation for its diesel powered cars in the US market. But the final decision is yet to be confirmed. However, Volkswagen is expected to receive the approval from the US regulators no earlier than next year. While the proposed settlement for the 2.0-litre diesel engine cars, but the agreement for the larger 3.0-litre SUVs and cars has still not been made.
Volkswagen had announced that the group has set aside $16.5 billion aside till date to address the claims from the state, customers, dealers and regulators. Out of this, $10 billion was just to buy back 475,000 vehicles back from customers or fix them. In addition to that, Volkswagen stated that the company will develop and produce 30 brand new electric cars by 2025 as the company claims it expects to sell two to three million electric vehicles a year globally in the foreseeable future. But does feel that until 2030, the internal combustion engine will continue to dominate the market in volume.