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

  • February 6, 2012
    Driver training saves lives, increases profits, reduces costs
    An innovative UK Government initiative on work-related driver training has resulted in astonishing success, not only in terms of government objectives, but also in substantial cost-benefits for companies and public sector authorities participating in the scheme: they save lives and increase profits/reduce costs Here, we present an overview of the initiative and, overleaf, provide a detailed cost-benefit analysis which amply illustrates why it has been enthusiastically embraced by industry and the public sec
  • July 10, 2014
    US$144 billion market forecast for multi-motor electric vehicles
    The latest Electric Motors for Hybrid and Pure Electric Vehicles 2015-2025: Land, Water, Air report from IDTechEX finds that a US$144 billion market awaits in 2025, boosted by 8.9 million extra motors for multi-motor vehicles, most of them land vehicles - particularly cars - with industrial-commercial vehicles following close behind. Primary author Dr Peter Harrop notes, "Nevertheless, largest profit may be made in military and other segments. In some segments you are likely to be competing with your cus
  • November 7, 2014
    Electric car value chain overturned
    The market for hybrid and pure electric cars homologated as such is set to be US$188 billion in 2025 according to IDTechEx analysis. However, according to Dr Peter Harrop, chairman of IDTechEx, the world has changed for cars overall and now big is not always beautiful for mainstream car manufacture. EVs will reflect this. Although Sergio Marchionne, boss of Fiat Chrysler, famously said six million units a year is needed for a car maker to be profitable, his head of research Pietro Perlo left to successf
  • March 22, 2012
    Visteon to sell its automotive lighting business to Varroc Group of India
    Visteon Corporation has announced that it has agreed to sell its automotive lighting business to Varroc Group, a global provider of automotive parts headquartered in India, for US$92 million in cash. The transaction, which is subject to regulatory reviews and other conditions, is expected to be completed in the third quarter of 2012. The business to be sold encompasses a wide range of exterior lighting products supplied to global vehicle manufacturers, including front and rear lighting systems, auxiliary la