Skip to main content

Volkswagen plans major investment in electric cars

The Volkswagen Group is making plans to become a world-leading provider of sustainable mobility; its ‘TOGETHER – Strategy 2025 provides the framework, with the focus on transforming the core business and tapping potential new revenue streams. The Group is planning a broad-based initiative in this area: it intends to launch more than 30 purely battery-powered electric vehicles (BEVs) over the next ten years and estimates that such vehicles could then account for around a quarter of the global passenger ca
June 17, 2016 Read time: 2 mins
The 994 Volkswagen Group is making plans to become a world-leading provider of sustainable mobility; its ‘TOGETHER – Strategy 2025 provides the framework, with the focus on transforming the core business and tapping potential new revenue streams.

The Group is planning a broad-based initiative in this area: it intends to launch more than 30 purely battery-powered electric vehicles (BEVs) over the next ten years and estimates that such vehicles could then account for around a quarter of the global passenger car market. It forecasts that its own BEV sales will be between two and three million units in 2025, equivalent to some 20 to 25 per cent of the total unit sales expected at that time.

Presenting the new strategy, which he said “centres on transforming Volkswagen's core automotive business or, to put it another way, making a fundamental realignment in readiness for the new age of mobility, CEO Matthias Müller commented, "The Volkswagen Group will be more focused, efficient, innovative, customer-driven and sustainable – and systematically geared to generating profitable growth."

This will require us – following the serious setback as a result of the diesel issue – to learn from mistakes made, rectify shortcomings and establish a corporate culture that is open, value-driven and rooted in integrity," he explained.

Related Content

  • August 14, 2014
    Q-Free reports increased revenue, major tag order
    Q-Free has been awarded an order for OBU610 tags from Roads and Maritime Services (RMS) in Australia at a value of US$2.4 million, to be delivered within the second quarter of 2015. “Q-Free has supplied more than two million tags to RMS, representing an important basis for our activity in Australia. We are pleased to see the continued strength of this particular relationship and of our competitiveness in the Australian market,” comments Q-Free CEO Thomas Falck. Q-Free also reported increased revenues
  • August 26, 2022
    ITF diagnoses South Asia’s breathing difficulties
    One of the world’s fastest-growing regions faces major transport sector decisions if it is to avoid spiralling emissions problems in coming decades. Alan Dron takes a look at a new report on Asia from the International Transport Forum
  • July 31, 2013
    Iteris reports first quarter 2014 revenue increase
    US intelligent traffic management specialist Iteris has improved financial results for its fiscal first quarter ended 30 June 2013, with total revenues total revenues in the first quarter of fiscal 2014 increased by 4 per cent to US$17.0 million compared to US$16.3 million in the same year-ago quarter. The increase was primarily attributed to a 5 per cent increase in both roadway sensors and transportation systems revenues.
  • October 28, 2015
    When caring about sharing is good business for US automakers
    Although car-sharing and ride-sharing could drastically reduce car sales, David Crawford finds some US automakers are keen to participate in the sharing economy. Growing consumer interest in car- and ride-sharing, as opposed to outright ownership, and ride-sharer Uber’s recently stated intention to make its brand competitive with ownership on cost, are making the major US automotive manufacturers think seriously about their future sales prospects. Some have already begun exploring ways of entering the field