Volkswagen announces shift toward clean energy and electric vehicles

Share

“Going forward, our electric cars will be the hallmark of Volkswagen,” stated VW Brand Chief Herbert Diess, speaking in a presentation held at VW group’s headquarters in Wolfsburg, Germany. “By 2025 we plan to sell one million electric cars per year, and by then we also want to be the global market leader in electromobility.”

“For most customers the electric car will soon be the better alternative,” Diess added, predicting a major breakthrough in the market within the next five years. Volkswagen is the start of its biggest ever revamp, and set to cut more than 30,000 jobs, whilst increasing its investment in future technologies such as electric cars.

Last year, VW’s reputation was shattered when it admitted to installing software to cheat emmissions tests in more than 11 million vehicles. The story, which came to light last year, led to VW group posting a loss for the first time in two decades.

Electric vehicles gained a serious boost from VW’s emmissions scandal, with several major manufacturers shifting toward electric vehicles in its wake. The public also seems to be on board, with Tesla Motors receiving close to 200,000 orders in just one weekend for its model 3 electric, which is yet to enter production.

This move, along with several countries outlining policies to support electric cars over coming years, has led some industry analysts to declare the death of the internal combustion engine.

Solar powered cars are also a quickly developing industry, the December issue of pv magazine includes a feature article on the adoption of solar within the automobile industry, click here to subscribe.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.