Published: Wed, March 14, 2018
Global News | By Stacy Ballard

VW Expects to Have 16 Production Sites for Electric Cars by 2022

VW Expects to Have 16 Production Sites for Electric Cars by 2022

The Group now produces electric vehicles at three locations, and in two years' time a further nine Group plants are scheduled to be equipped for this objective.

Speaking to a group of worldwide reporters, Volkswagen CEO Matthias Müller said "Nine new vehicles, three of which will be purely electric-powered, will be added to the Group's electric portfolio of eight e-cars and plug-in hybrids" this year.

Among the VW Group's near-term electric plans?

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Chief executive officer Matthias Müller told the media conference that from 2019 there will be a new electric vehicle coming into production "virtually every month". "This is how we intend to offer the largest fleet of electric vehicles in the world, across all brands and regions, in just a few years".

He added that a third of the auto maker's nine new vehicles for 218, will be 100% electric powered.

VW has chosen battery suppliers for its European and Chinese-market products, adding that "a supplier decision for North America will be taken shortly", the automaker said in a statement. The contracts already awarded have a total volume of around €20 billion (US$24.7 billion).

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Although grappling with billions of euros in costs and fines for dieselgate, VW has pledged to spend 34 billion euros on EVs, autonomous driving and new mobility services by the end of 2022, one of the most ambitious programs in the industry.

Roadmap E calls for 50 battery-electric vehicles and 30 plug-in hybrid models by 2025, with up to a quarter of all new VW Group models being purely electric powered by that point. Volkswagen reaffirmed its backing for the technology with Mueller calling it "part of the solution", even as Toyota pulls diesel cars from its lineup in Europe, the main market for the vehicles. The first model with the I.D. nameplate will be the Neo hatchback that goes on sale in 2020. The company, which has struggled to secure sources of cobalt, a critical component for modern batteries, said that it's working on ways to reduce the amount of the element needed for its electric cars.

He admitted the Volkswagen Group will roll out 80 new electric cars and SUVs by 2025, with a heavy focus on Volkswagen-, Porsche- and Audi-badged cars.

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Separately, the German carmaker reiterated guidance for higher vehicle sales and revenue this year and for a group operating margin of 6.5-7.5 percent after 7.4 percent last year.

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