The world's largest auto maker by sales plans to invest a total of 20 billion euros (24 billion USA dollars) until 2030 in electric mobility and even 50 billion euros in batteries.
The group plans to bring a total of over 80 new electrified models to customers by 2025, including some 50 purely battery-powered vehicles and 30 plug-in hybrids as it doubles its investment in zero-emission vehicles to 20bn euros (£18bn) in a bid to put dieselgate behind it.
According to Mueller, the automotive industry is undergoing an irreversible process of transformation.
Unlike Volvo, which already pledged to only sell cars with electric motors from 2019, VW isn't putting ICE on ice just yet.
Cranes Snap in Fla. Due to Irma Winds
Colon said the Salvation Army offers three meals a day, which, for some now sheltering there, may be the first meal in a few days. Without the arms and counterbalances, only the cranes' towers would have been left standing, and those are extremely strong, Mr.
Its electric powertrain will produce 225 kW and capable of a top speed of 180 km/h with a battery range nudging 500kms on one charge.
Volkswagen shows off a concept of its electric ID Crozz vehicle.
Volkswagen says the four-door high-riding coupe will ride on an all-electric 4MOTION all-wheel drive system that is equally at home in a city environment as it is on unpaved trails and will have similar handling properties as the Golf GTI.
The scandal proved to be the strategic shift driver for the company, but this has put VW on a tighter space as they neglect the electric vehicle race while others have been rampaging with their developments and advances. CROZZ concept vehicle first unveiled in Shanghai this past spring. But those plans will be dwarfed by Volkswagen's electrification push. In order to achieve this plan, the automaker will be investing more than $24 billion USA in developing new technology and two new platforms for their electric vehicles.
Over the past year, it's unveiled three different Volkswagen ID electric-car concepts, two of them thinly disguised versions of future production models for 2019 and 2020.
Muller said the company was likely to use two electric platforms, and is investing 20 billion euros (£18bn) into e-mobility, in one of the biggest procurement projects in the company's history.
- Conor McGregor says sorry to UFC president Dana White after Mayweather loss
- New Apple TV 4K adds UHD and HDR support
- Google appeals against huge European Union anti-trust fine
- Broncos sign Osweiler, cut Ward
- Hurricane Katia weakens into tropical storm
- Oil prices rise amid sharp decline in United States output
- Tropical Storm Jose forms to the east of Irma
- Cardinals' Johnson has dislocated wrist: coach
- Ohio State Needs Defensive Backs "Sooner" in Showdown Against Oklahoma
- Pittsburgh Steelers defeat Cleveland Browns, 21-18, in 2017 regular-season opener