Currently, Volkswagen is planning a new development strategy, shifting its focus on electric vehicles, and reviewing its business assets.
After the notorious emission cheating scandal, the German car maker is concentrating on brighter, eco-friendly future. In its own words, Volkswagen wants to accomplish a set of goals by 2025 by laying the foundations for success in tomorrow’s world of sustainable mobility.
As poetic as it sounds, the Group’s new strategy comprises the introduction of “more than 30 new purely battery-powered electric vehicles (BEVs) over the next ten years”, and putting together a new manufacturing plant that will allow them to produce between 2 to 3 million electric vehicles a year by 2025.
The company estimates that electric vehicles could account for around a quarter of the global passenger market, equivalent to 20 to 25 percent of the total unit sales expected at that time, and that’s why Volkswagen is reportedly willing to invest billions of euros in the construction of a battery factory.
Regarding Volkswagen’s possible asset sales, the Wolfsburg-based firm will announce specific plans for each of its brands by the end of the year, with new details on electric vehicle manufacturing.