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13 Setiembre 2017, 08:52 | Benedicto Grullon
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Volkswagen has detailed its plan to dominate the world of electric vehicles, confirming it has 80 new battery-powered cars under development.
The company said it plans to invest over $24 billion in zero-emission vehicles in a move to challenge Tesla and other electric auto manufacturers.
By 2025, Volkswagen expects to be marketing 23 all-electric models.
He also said that "I think we have to implement a greater presence in Russian Federation and then we have to revive the South American market". These 80 new vehicles will include 50 models which are expected to be fully-electric and 30 vehicles which will be plug-in hybrids.
As the latest such announcement by China added momentum to a push for zero-emissions motoring, Daimler, Volkswagen and PSA Group made disclosures about their electric programmes that could give policymakers some pause.
Photo by Contributed Photo /Times Free Press.
The massive shift towards electric vehicles comes with a hefty price tag.
The German carmaker said it will invest over €20bn by 2030 in the electric-car efforts. "With "Roadmap E", we are opening up a new chapter in our Group's history". And only then will electric cars come out of the niche - and achieve relevant market share in years to come. The company has already showcased the I.D, I.D Buzz concepts previously and in the ongoing 2017 Frankfurt Motor Show it unveiled its I.D Crozz electric SUV concept.
Underscoring the enormity of the shift taking place in the industry, Mueller said VW will need the equivalent of at least four gigafactories for battery cells by 2025 just to meet its own vehicle production.
Diess said in Chattanooga the VW brand must improve its profit margins to help fund investments. It the projection turns into a reality, the automaker would be annually retailing around 3 million electric vehicles. "The U.S. plays a major role in our strategy".
Volkswagen has no plans to ditch diesel engines and isn't anxious about the rising threat of Tesla.
"We are having some thoughts regarding "make or buy" concerning the electric chain of motors, we will move the components part back to within the company, but not the battery chemicals part", said the PSA executive Patrice Lucas. "It will depend on volume perspectives".
Some 1,000 companies and organizations from 39 countries are participating in this year's Frankfurt Motor Show.
On the other hand, Daimler on the same day showcased an autonomous concept vehicle of EQ, a Mercedes-Benz electric-car brand. The third vehicle in the range would be a crossover that would likely take inspiration from the Crozz II.
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