Get ready to say goodbye to gas-guzzling cars and hello to a new era of electric vehicles, powered by Volkswagen. The German automaker has announced an ambitious plan to invest $193 billion in building electric cars and developing cutting-edge software technology over the next five years. As the world moves towards sustainability and environmental preservation, VW is leading the way for a cleaner future with their latest move towards electrification. In this blog post, we’ll explore the details of this groundbreaking initiative and how it could change the face of transportation as we know it.
Volkswagen’s plans for electric cars
Volkswagen will invest $86 billion in electric cars and software over the next five years as part of a major push to transform the German company into a leading player in the race to develop self-driving vehicles.
The investment, which was announced at VW’s annual shareholder’s meeting on Tuesday, is the largest-ever commitment by a carmaker to electrification and autonomous driving. It includes $44 billion for batteries, $20 billion for developing electric cars, and $11 billion for autonomous driving technology.
VW Group, which owns 12 brands including Audi, Porsche, and Bentley, plans to launch more than 50 new electric cars by 2025. The first of these will be the I.D., a small hatchback that will go on sale in 2020. VW is also working on an electric SUV called the I.D. Crozz, which is scheduled to go on sale in 2022.
By 2025, VW wants electric cars to make up 25% of its global sales, which would amount to around 3 million vehicles per year. The company has said it wants to sell one million electric cars by 2025 in China alone.
To achieve its goals, VW is working with several partners, including Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) and U.S. startup Aurora Innovation Inc., which is developing self-driving technology.
How much money Volkswagen is investing in electric cars
Volkswagen is investing $30 billion in electric cars and software over the next five years as part of its plan to become a global leader in sustainable mobility. The German automaker said the investment will be used to develop a new generation of electric vehicles and to build a comprehensive charging infrastructure.
“This is just the start,” VW Group CEO Matthias Mueller said in a statement. “We are making massive investments in electric mobility because we are convinced that this is the right way forward.”
The $30 billion investment is part of VW’s larger strategy to make electromobility a mass-market phenomenon. By 2025, the company plans to have more than 50 electrified models on the market, with sales expected to reach 1 million units per year.
In addition to investing in electric cars, VW is also committed to supporting the development of clean energy technologies. The company has pledged to invest €20 billion ($22 billion) in battery cells and €9 billion ($10 billion) in hydrogen fuel cells by 2030.
What types of electric cars Volkswagen will be making
Volkswagen will invest $ billion in electric cars and software over the next five years, to have 50 percent of its global sales be electric vehicles by 2030. The company plans to introduce more than 20 new electrified models by 2025, including hybrid and all-electric vehicles.
Volkswagen’s first all-electric car will be the ID.3, which is set to launch in 2020. The ID.3 will be followed by the ID.4 crossover SUV, which is expected to go on sale in 2021. Other upcoming electric cars from Volkswagen include the Porsche Taycan, Audi e-tron, and VW Bus.
When the first Volkswagen electric cars will be released
Volkswagen will invest $2 billion in electric cars and software over the next three years, with the first vehicles set to hit the market in 2020. The move is part of the company’s larger effort to shift away from traditional internal combustion engines and embrace new technologies.
“This is a major step forward for Volkswagen as we move to electrify our vehicle portfolio,” said VW Group CEO Matthias Mueller. “We are committed to becoming a world leader in e-mobility, and this significant investment will help make that happen.”
The initial $2 billion investment will be used to develop a range of new electric vehicles, including a mass-market car based on the VW Group’s MEB platform. This vehicle is expected to have a range of up to 373 miles (600 km) on a single charge and will be launched in 2020.
In addition to investing in electric cars, Volkswagen will also focus on increasing its software capabilities. The company plans to spend €1 billion ($1.2 billion) on digitizing its production processes over the next five years, to make its factories more flexible and efficient.
Why Volkswagen is making the switch to electric cars
As the world increasingly moves away from fossil fuels and towards electric power, Volkswagen is making the switch to electric cars. The company has announced that it will invest $30 billion in electric vehicles and software over the next five years, to have 50 percent of its global sales be electric cars by 2030.
Volkswagen’s move to electric cars is in line with global trends. Electric vehicles are becoming more popular, as they are seen as a more environmentally-friendly option than gas-powered cars. In addition, the cost of batteries and other technology needed for electric cars has been dropping, making them more affordable for consumers.
Volkswagen’s investment in electric cars is also a response to the Dieselgate scandal, in which the company was caught cheating on emissions tests. By investing in electric cars, Volkswagen hopes to regain consumer trust and become a leader in sustainable transportation.
Conclusion
Volkswagen has made a major commitment to the future of electric cars and software. By investing $193 billion in these industries, Volkswagen is taking an ambitious step forward in leading the automotive industry into an era of green technology and innovation. As customers continue to demand greater sustainability from their vehicles, this move will no doubt prove profitable for one of the world’s largest automakers. We look forward to seeing what new advances come out of this partnership between Volkswagen and its partners in the coming years.
