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.

For more information on companies in this article

Related Content

  • Developments in travel information display systems
    August 1, 2012
    David Crawford looks at recent developments in travel information display systems. It is important to remember that we are investing in Real-Time Passenger Information [RTPI] to increase ridership," says Robert Burke, Managing Director of New Zealand transit tracking technology specialist Connexionz, which has been involved in at-stop and remote passenger information since 1995. "Superior information improves the perception of public transport reliability and gives the passenger more choices and greater con
  • Report identifies opportunities for road freight carbon and cost reduction
    December 4, 2012
    Switching from diesel to gas, reducing rolling resistance and aerodynamic drag and introducing more hybrid and electric vehicles are identified as key opportunities for further cutting carbon and improving efficiency in the road freight sector, according to a new report commissioned by the Transport Knowledge Transfer Network (TKTN) and the Low Carbon Vehicle Partnership (LowCVP). The report, written by Ricardo-AEA for the project partners, focuses on the key technical opportunities, and identifies options
  • Will standardisation increase ITS interoperability?
    February 1, 2012
    Theoretical balance Kallistratos Dionelis, secretary general of ASECAP, comments on the European Commission's new ICT Standardisation Work Programme. I've just read a proposal from the European Commission on the 2010-2013 ICT Standardisation Work Programme. As ASECAP Secretary General this is one of my responsibilities. I work to receive information, to disseminate information and to build bridges and mutual understanding between policy-makers and the industrial world, between ASECAP and others.
  • UK government to invest in autonomous cars, low emission vehicles
    November 24, 2016
    Presenting his Autumn Statement, Chancellor Philip Hammond announced investment in transportation, including £390 million for future transport and a major new investment in the UK transport infrastructure. The £390 million investment in future technology includes: investment in testing infrastructure for driverless cars; provision of at least 550 new electric and hydrogen buses, reduce the emissions of 1,500 existing buses and support taxis to become zero emission; installation of more charging points fo