Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
VW hikes EV target by 50% with China, budget models
Bloomberg | 2019/2/19

Volkswagen AG plans to expand its electric-vehicle offerings in coming years with additional models for China and a budget car costing around 20,000 euros ($22,500), as it puts pressure on Tesla Inc. to keep pace.

Rolling out the additional vehicles, the manufacturer now expects to produce 15 million vehicles in the first wave of its EV rollout, raising the goal by 50 percent, Christian Senger, VW¡¯s electric-car chief said at an event Friday in Dresden, Germany.

The VW brand alone will invest about 9 billion euros to roll out 20 electric models by 2025. Since admitting in 2015 to rigging 11 million diesel vehicles to cheat on emissions tests, Volkswagen has pushed aggressively to develop battery models, and plans to have eight production sites for battery-powered cars by 2022. That¡¯s putting pressure on VW to make the spending pay off.

Carbon neutral
¡°The electric car is sustainable technology,¡± and demand is ahead of expectations, Senger said, but noted that curbside charging remains an issue. ¡°Driving in cities must be possible, but it¡¯s impossible ¡°for carmakers to create the necessary infrastructure.¡±

To address concerns, Volkswagen is broadening beyond offering electric cars to venture into electricity supply, offering customers green power contracts and wallboxes to recharge their vehicles at home and offices. 

VW is also part of the Ionity consortium that will install fast-charging stations at 400 locations on European highways. Volkswagen expects 50 percent of charging to take place at home.

Volkswagen is extending its new green approach to production. The German automaker plans to save 1 million tons of carbon-dioxide emissions a year by making production of its first electric model carbon neutral.

VW will use green power to assemble the I.D. model at its plant in Zwickau and for the car¡¯s battery cells. Where renewable energy is unavailable, the company will invest in climate projects.

VW¡¯s commitment is welcome news for Germany¡¯s sputtering efforts to cut greenhouse gas emissions amid a reliance on coal-fired power and the steady growth in the number of combustion-powered vehicles on its roads. 

While energy sector emissions have declined since 1990, transport emissions have risen. Chancellor Angela Merkel aims to broker plans this year with car and truck makers to cut CO2 by around 40 percent by 2030.

¡°Climate change is the greatest challenge of our times,¡± Thomas Ulbrich, who oversees electric vehicles for the namesake VW brand, said in a statement. ¡°Truly sustainable mobility is feasible if we all want it and we all work on it.¡±

Related Stories
  • VW Group gains share despite extended sales dip
  •     --Published:2019/21/5
  • Geely opens EV research center in Germany
  •     --Published:2019/17/5
  • EV sales growth slows; plug-in hybrid deliveries pick up
  •     --Published:2019/17/5
  • Volkswagen teams with China's NIU to make e-scooters, report says
  •     --Published:2019/7/5
  • S. Korea automakers' group urges end to subsidies for Chinese EVs
  •     --Published:2019/7/5
  • CHJ seeks to raise up to $500 million
  •     --Published:2019/3/5
  • U.S. has battery problem in race for EV supremacy
  •     --Published:2019/3/5
  • German automakers' strategies differ on changing China JV stakes
  •     --Published:2019/3/5
  • Faraday Future secures $225 million in bridge financing
  •     --Published:2019/3/5
  • EV startup Bordrin to build vehicles at FAW's car subsidiary
  •     --Published:2019/3/5
  • U.S. legislation aims to thwart China's EV dominance
  •     --Published:2019/2/5
  • Lexus plans its first EV for China, Europe
  •     --Published:2019/26/4
  • At Shanghai auto show, a dim future for most China EV startups
  •     --Published:2019/26/4
  • Tesla: China output may hit 2,000 a week in 2019
  •     --Published:2019/26/4

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     


    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.