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

  • Sales of light duty electric vehicles expected to rise
    January 23, 2015
    A recent report from Navigant Research, Electric Vehicle Market Forecasts, provides a comprehensive overview of the overall light duty vehicle (LDV) and the light duty electric vehicle (EV) markets, including global forecasts for annual vehicle sales and vehicles in use through 2023. It indicates that worldwide sales of light duty EVs are expected to increase from 2.7 million in 2014 to 6.4 million in 2023. The use of EVs, which now account for a small but growing share of the world’s LDV market, has bee
  • UK Government fast tracks driverless cars
    July 30, 2014
    UK business secretary Vince Cable has announced two new measures today that give the green light for driverless cars to take to UK roads from January 2015. UK cities can now bid for a share of a US$16.9 million competition to host a driverless cars trial. The government is calling on cities to join together with businesses and research organisations to put forward proposals to become a test location. Up to three cities will be selected to host the trials from 2015 and each project is expected to last
  • ARTBA proposes path to breaking gridlock on transportation funding
    March 13, 2015
    The American Road & Transportation Builders Association (ARTBA) has outlined a detailed proposal it believes could end the political impasse over how to fund future federal investments in state highway, bridge and transit capital projects. The ‘Getting beyond gridlock’ plan would marry a 15 cents-per-gallon increase in the federal gas and diesel motor fuels tax with a 100 per cent offsetting federal tax rebate for middle and lower income Americans for six years. The plan, ARTBA says, would fund a US$401 bil
  • The bus future is electric, says UITP
    January 11, 2017
    More and more cities in Europe and around the world are turning to electric buses (or e-buses) in an effort to go green according to UITP’s new ZeEUS eBus Report. The report, published as part of the Zero Emission Urban Bus System project, reveals that 19 public transport operators and authorities, covering around 25 European cities, have a published e-bus strategy for 2020. By this date, there should be more than 2,500 electric buses operating in these cities, representing six per cent of their total fl