Volkswagen Plans to Build 22 Million Electric Cars by 2030

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Volkswagen’s first of the new-generation electric vehicles will go into production this year. The Audi e-tron and Porsche Taycan are set for launch later this year.

The Volkswagen Group has announced that over the next 10 years it will build 22 million electric vehicles on company-owned electric-platforms, up from a previous goal of 15 million vehicles.

The German automaker is also aiming to launch 70 new electric models across multiple brands by 2028, instead of the 50 previously stated.

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Volkswagen’s new target is to increase the share of electric cars in the fleet to at least 40 per cent by 2030.The Wolfsburg-based company plans to invest more than 30 billion euros ($33 billion) through 2023 in electrification.

To secure production, the company has contracted LG Chem, SKI, CATL, and Samsung as battery suppliers. Volkswagen Group is also “intensively examining its participation in its own battery cell production in Europe”.

In a statement, company CEO Herbert Diess maintains that Volkswagen is taking on responsibility with regard to major issues of the future – especially climate protection.

Upcoming projects

Volkswagen recently announced its decision to share its Modulare E-Antriebs-Baukasten (MEB) platform with other companies, signing German start-up e.GO Mobile AG as the first external partner for its modular EV production platform.

Volkswagen’s first of the new-generation electric vehicles will go into production this year. The Audi e-tron and Porsche Taycan are set for launch later this year.

Other models in this first batch will be the ID. Crozz, the Seat el-born, the Škoda Vision E, the ID. Buzz, and the ID. Vizzion.

VW is also part of the Ionity project, which seeks to install 400 fast-charging stations along Europe’s major roads highways by 2020.

 

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