Volvo Cars and Polestar are doing so well when it comes to reducing CO2 emissions for the brand's vehicles that they're going to start selling their surplus credits to Ford, and aren't ruling out offers to other automakers, following a CO2 pooling system implemented by the European Commission.

The Swedish automaker announced yesterday that it would reduce fleet emissions beyond target for 2020, thanks to PHEV sales making up more than 25 percent of its total so far this year and becoming the number one PHEV premium brand in Europe. The automaker is hoping to hit 50 percent of global sales to be EV by 2025, with the rest some form of hybrid.

“For Volvo Car Group, the future is electric and we are transforming our company through concrete action,” said Håkan Samuelsson, chief executive of Volvo Car Group. “I am pleased to see that we are exceeding our CO2 reduction targets. It proves our strategy is the right one for our business and for the planet.”

Ford said earlier this month that it would have hit its target of 98 grams per km this year, but issues with the Kuga PHEV required a stop-sale and recall which set it back. At the time, Ford of Europe said that "based on our product roadmap and production schedule for this year, we expected to comply with the new regulations even factoring in COVID-related disruption to our manufacturing. However, the current issues with the Kuga PHEV resulting in a stop-ship and stop-sale have affected our plan to meet the EU’s 2020 emissions regulations for passenger vehicles on our own"