Economy

Volkswagen wants to sell 22 million EVs in 10 years

Volkswagen wants to sell 22 million EVs in 10 years

However, the Volkswagen is taking major risk by planning such a big move because the company doesn't know how many buyers will want these electric cars.

Following a solid fiscal year 2018, Volkswagen will be boosting the pace of its transformation with the goal of becoming even more competitive globally.

Frankfurt am Main (AFP) - German automaker Volkswagen said it would eliminate up to 7,000 jobs by 2023 as it seeks to accelerate its transition to electric vehicles, although the cuts should be achieved via retirement offers. Volkswagen plans to add 50 new BEVs by 2025 which will have the ability to travel at least 200 miles. Most other carmakers that lack VW's capacity have opted to build electric vehicles that work in conjunction with their now combustion models.

"We will be systematically aligning production and other stages in the value chain to Carbon dioxide neutrality in the coming years", said Diess, who added that by doing so it was doing its part in tackling climate change.

More news: Apple Music launches on Amazon Fire TV

Volkswagen states that first adopters of the I.D. will receive special, launch-edition cars, but has not specified how these will stand out from subsequent models. It's still scheduled to come out in 2019, but towards the end of the year. "In order to shoulder the investments needed for the electric offensive we must make further improvements in efficiency and performance in all areas".

The company stated it prepared to launch almost 70 new electric models by 2028, aiming to put itself at the front line of the industry's shift to zero-emissions driving after the 2015 emissions scandal.

The original Volkswagen plan to roll out dozens of electric cars in the years to come suffered several changes in the past few months, given the dynamics of the segment. VW had already introduced a number of electric models as part of its 70-model plan until 2028. Let us know down in the comment below.


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