Volkswagen intensifies electric vehicle plans with production drive

Jeannie Matthews
March 14, 2018

When it launched Roadmap E in Europe in the third quarter of past year, the Volkswagen Group projected it would deliver 80 new EVs from two EV architectures.

The Volkswagen Group has confirmed it will scatter at least 16 electric-car production plants around the world within four years. At VW Group's annual media conference in Berlin, Germany, CEO Matthias Muller rolled out even more details on the plan he calls "Roadmap E".

The Volkswagen Group kicked off "Roadmap E" previous year which it says is the most comprehensive electrification drive in the automotive industry.

VW has a goal to sell 3 million electric cars per year across the group by 2025 and to offer an electric version of each of the group's 300 models by 2030. "The contracts already awarded have a total volume of around Euro 20 billion".

"Over the last few months, we have pulled out all the stops to implement "Roadmap E" with the necessary speed and determination", Müller said.

He added that a third of the auto maker's nine new vehicles for 218, will be 100% electric powered.

A decision will be made on the battery production supplier for North America, "shortly".

Florida shooting: Prosecutors seek death penalty for Nikolas Cruz
Prosecutors will consider testimony on Cruz's mental health from experts, provided it is given at least 20 days before trial. Cruz's attorneys withdrew his not guilty plea on Friday, and Cruz now " stands mute " to the charges.

Trump stresses desire for quick NAFTA deal in phone chat with Trudeau
The move follows fears that even though President Trump sparred Canada of the steel tariffs, job losses are still a possibility. It was their first conversation since Trump last week imposed tariffs on imported steel and aluminum, raising trade tensions.

Broncos expected to give Case Keenum 2-year, $36M deal
Keenum is expected to become the first of the high-profile quarterbacks in the open market to agree to a deal. Starting in 14 games last season, Keenum threw for 3,547 yards, 22 touchdowns and seven interceptions.

Volkswagen VOWG_p.DE has selected partners to provide battery cells and related technology worth around 20 billion euros (17.75 billion pounds) for electric-vehicle (EV) projects in Europe and China, pushing ahead with a shift to zero-emission cars.

"We are investing strongly in tomorrow's mobility, but without neglecting the current technologies and vehicles that will continue to play an important role for decades", Mueller said.

This ambitious electric strategy stands in sharp contrast to Volkswagen's 2015 emissions scandal, wherein the company's diesel vehicles were found to have "defeat devices" installed to cheat emissions tests.

The group's has weathered the dieselgate storm well financially in spite of the billions in cash outflows due to the scandal.

"We are putting nearly Euro 20 billion (~$25 billion USD) into our conventional vehicle and drive portfolio in 2018, with a total of more than Euro 90 billion (~$111 billion USD) scheduled over the next five years", he says.

Separately, the German carmaker reiterated guidance for higher vehicle sales and revenue this year and for a group operating margin of 6.5-7.5 percent after 7.4 percent last year.

Other reports by

Discuss This Article