Volkswagen Announces Invasion of Electric Vehicles by 2022

Volkswagen Announces Invasion of Electric Vehicles by 2022

The production plan is an update on the original plan called "Roadmap E" announced a year ago.

Volkswagen has outlined an ambitious production plan for electric vehicles, selecting no less than 16 global factories to build EVs through the end of 2022.

The three new electric vehicles are just the tip of the iceberg as Müller said the Volkswagen Group will introduce a new electric vehicle "virtually every month" starting in 2019.

"Over the last few months, we have pulled out all the stops to implement "Roadmap E" with the necessary speed and determination", CEO Muller explained in Berlin.

Speaking at the Volkswagen Group's Annual Media Conference in Berlin, CEO Matthias Müller revealed that probably sooner than later VW is aiming to become the number one electric vehicle producer.

To ensure adequate battery capacity, partnerships with battery manufacturers for Europe and China have already been agreed.

Volkswagen has picked partners to provide battery cells and related technology worth around 20 billion euros ($25 billion) for its growing electric auto programme, adding further pressure on US pioneer Tesla.

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The German automaker said that "a supplier decision for North America will be taken shortly".

Experts see VW's repeated emphasis on this front as a means of getting rid of the stigma of "dieselgate" of 2015 that has continually haunted the firm.

He said conventional internal combustion engines would play a role in the company's push to meet tougher European Union limits on carbon dioxide emissions by 2021. We are putting nearly €20 billion into our conventional vehicle and drive portfolio in 2018, with a total of more than €90 billion [US$111 billion] scheduled over the next five years.

It's more than the $84 billion (81 billion euros) investment in electric cars and batteries that they plan to make over the same period.

LG Chem, Samsung and Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) will deliver batteries to VW, which has no plans to start producing powerpacks by itself, Mueller said.

Volkswagen said it has selected partners to provide battery cells and related technology worth around 20 billion euros ($24.7 billion) for electric-vehicle (EV) projects in Europe and China, pushing ahead with a shift to zero-emission cars.

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