By Max Bernhard 
 

German luxury-car maker Audi AG (NSU.XE) on Thursday raised its target for sales of electric and hybrid vehicles.

Audi said it now expects 40% of global unit sales to come from electric and hybrid vehicles by 2025.

The Volkswagen AG (VOW.XE) subsidiary also said it aims to reduce its carbon emissions over the coming years, targeting a 30% reduction in its CO2 footprint by 2025 and CO2-neutrality of the entire company by 2050 at the latest.

Write to Max Bernhard at max.bernhard@dowjones.com

(END) Dow Jones Newswires

May 23, 2019 04:14 ET (08:14 GMT)