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

  • Favourable government initiatives and new business models boost Poland’s EV market
    June 29, 2017
    Poland’s electro-mobility market is ripe for growth, according to research organisation Frost & Sullivan. Favourable government initiatives such as the Electro-mobility Plan and Electro-mobility and Alternative Fuels Act are reshaping local mobility and igniting innovative clean technologies to achieve higher competitiveness and energy optimisation.
  • GE to convert half its global vehicle fleet to electric
    March 2, 2012
    GE has announced it will purchase 25,000 electric vehicles by 2015 for its own fleet and through its Capital Fleet Services business - the largest-ever single electric vehicle commitment.
  • US drivers turning to alternative fuel vehicles says research
    December 19, 2012
    Increasing numbers of US customers are turning to alternative fuel vehicles, according to the latest research from Mintel, which shows that sales are up 73%, with nearly 440,000 hybrid, plug-in hybrid, and electrics sold thus far this year. The rapid sales growth in hybrid and electric vehicles makes the segment the fastest growing in the US for 2012, supplanting the still fast growing, compact car vehicle segment. The number of plug-in and electric models available to the public has nearly quadrupled over
  • Electric bus sector is game changer for battery market
    March 4, 2016
    According to Dr Victoria Adesanya-Aworinde, technology analyst at IDTechEx, the electric bus (e-bus) market is growing at a CAGR of 20 per cent in terms of unit sales. She says the rapid growth is a game changer for the battery market as electric buses require large-sized batteries ranging from 74 kWh (fast charging e-bus) to over 300 kWh (slow charging e-bus). IDTechEx Research forecasts that the e-bus battery market will overtake the consumer electronics sector by 2020. The new IDTechEx Research repor