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VW plans 22 million EVs in 10 years

VW plans 22 million EVs in 10 years

The Volkswagen Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned.

As a result, the projected number of vehicles to be built on the Group's electric platforms in the next decade will increase from 15 million to 22 million. Expanding e- mobility is an important building block on the road to a CO2-neutral balance. Volkswagen has signed off a comprehensive decarbonization program aimed at achieving a fully CO2-neutral balance in all areas from fleet to production to administration by 2050.

Dr Herbert Diess, CEO of Volkswagen AG, said, 'Volkswagen is taking on responsibility with regard to the key trends of the future – particularly in connection with climate protection. The targets of the Paris Agreement are our yardstick. We will be systematically aligning production and other stages in the value chain to CO2 neutrality in the coming years. That is how we will be making our contribution towards limiting global warming. Volkswagen is seeking to provide individual mobility for millions of people for years to come – individual mobility that is safer, cleaner and fully connected. In order to shoulder the investments needed for the electric offensive we must make further improvements in efficiency and performance in all areas.'

In order to support the electric offensive, LG Chem, SKI, CATL and Samsung were selected as strategic battery cell suppliers. In view of the constantly increasing demand, Volkswagen is also taking a close look at possible participation in battery cell manufacturing facilities in Europe.

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