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Electric decade ahead for Volkswagen Group

70 new electric Volkswagen models could be launched in the next decade, the Volkswagen Group has revealed.

The Group had previously planned to launch 50 new electric models in the next 10 years, but the projected number will increase from 15 million to 22 million as a result.

L-R, Peik von Bestenbostel, Head of Volkswagen Communications, Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, and Frank Witter, Member of the Board of Management of Volkswagen AG, responsible for ‘Finance and IT’.

Expanding e-mobility is an important building block on the road to a CO2-neutral balance.

Volkswagen has signed off a comprehensive decarbonization program aimed at achieving a fully CO2-neutral balance in all areas from fleet to production to administration by 2050.

Dr. Herbert Diess, CEO of Volkswagen AG said: “Volkswagen is taking on responsibility with regard to the key trends of the future – particularly in connection with climate protection. The targets of the Paris Agreement are our yardstick.

“We will be systematically aligning production and other stages in the value chain to CO2 neutrality in the coming years. That is how we will be making our contribution towards limiting global warming. Volkswagen is seeking to provide individual mobility for millions of people for years to come – individual mobility that is safer, cleaner and fully connected.

“In order to shoulder the investments needed for the electric offensive we must make further improvements in efficiency and performance in all areas.”

The Volkswagen Group has set milestones in all areas to be achieved in the coming years on the road to complete decarbonization by 2050. The measures follow three principles: first, effective and sustainable CO2 reduction. Second, switch to renewable energy sources for power supply.

Third, compensate for remaining emissions that cannot be avoided. In order to improve the CO2 balance of vehicles throughout its lifecycle, for example, Volkswagen has already made a start on the supply chain. A detailed roadmap is currently being drawn up. There is particularly significant potential as regards steel and aluminum supplies.

Dr. Herbert Diess.

The 2025 target is to reduce the CO2 footprint of the vehicle fleet by 30 per cent across the lifecycle compared to 2015. Volkswagen says it is therefore electrifying the vehicle portfolio with investment in this area alone amounting to more than €30 billion by 2023.

The share of electric vehicles in the Group fleet is to rise to at least 40 per cent by 2030. The first of the new-generation electric vehicles go into production this year: the Audi e-tron will be followed by the Porsche Taycan. Reservations for each of these models already total 20,000 units. (Depending on the chosen equipment level.) And electric vehicles will be brought into the mainstream with the ramp up of the Volkswagen ID.

Other models in this first wave will be the ID. Crozz, the Seat el-born, the Skoda Vision E, the ID. Buzz and the ID. Vizzion.

In order to support the electric offensive, LG Chem, SKI, CATL and Samsung were selected as strategic battery cell suppliers. In view of the constantly increasing demand, Volkswagen is also taking a close look at possible participation in battery cell manufacturing facilities in Europe.

Volkswagen says it will be installing 400 fast-charging stations along Europe’s major roads and highways by 2020 to boost e-mobility further, with 100 of these located in Germany.

Elli (Electric Life), Volkswagen’s new subsidiary, will also offer wallboxes for charging at home, using green power – initially in Germany.

In addition, there will be 3,500 charging points on employee car parks at all VW plants with further charging opportunities at its dealerships.