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Electrically out of the crisis: Volkswagen discovers e-mobility

Electrically out of the crisis: Volkswagen discovers e-mobility

Business news |
By Christoph Hammerschmidt



For the realignment, Volkswagen will invest a double-digit billion euro sum. By 2025, the carmaker plans to develop and offer more than 30 models with all-electric powertrain, with a sales target of 3 million units. In his speech – which according to observers has been delivered “with the zest of a funeral oration” – Müller said he estimates that the battery electric vehicles will account for about 25 percent of the market. Likewise, Müller expects that by 2025 about 20 to 25 percent of the vehicles sold by the company will have an electric powertrain.

 

An additional pillar in Volkswagen’s strategy will be the establishment of new competency fields in the area of digitization. The goal is creating the resources to develop competitive self-driving systems by the end of the decade – a field win which so far Volkswagen subsidiary Audi demonstrated some excellence, but not the parent company itself. Plus, Müller will establish a brand-spanning mobility solution business. Core products will be ride hailing – initially much in the way Uber does provide it already. Subsequent steps in this business field will be offering robot taxis, car sharing services and transport on demand. By 2025, this business will achieve sales in the billion-euro range, Müller projected.

 

Related news:

Volkswagen, Toyota invest in digital mobility

Does Volkswagen plan to build its own battery gigafactory?

Volkswagen wants to be a digital company

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