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".

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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.

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