The FINANCIAL — The Volkswagen Group and Greece have agreed to establish a groundbreaking mobility system on the Mediterranean island of Astypalea. To that end, the current transport system on the island will transition to electric vehicles and renewable power generation. In the long run, Astypalea will become a model island for climate-neutral mobility. A memorandum of understanding to this effect was signed in Wolfsburg and Athen today by Konstantinos Fragogiannis, Deputy Minister of Foreign Affairs for Economic Diplomacy and Openness, and Dr. Herbert Diess, CEO of the Volkswagen Group. New mobility services such as vehicle sharing or ridesharing will help reduce and optimize traffic. Energy will be primarily generated from local green power sources such as solar and wind. The project initially will run for six years.