Volkswagen plans 22 million electric vehicles in ten years

As a result, the projected number of vehicles to be built on the Volkswagen’s electric platforms in the next decade will increase from 15 million to 22 million, a press release reads. Volkswagen has set milestones in all areas to be achieved in the coming years on the road to complete decarbonization by 2050. “Volkswagen is taking on responsibility with regard to the key trends of the future – particularly in connection with climate protection. The targets of the Paris Agreement are our yardstick. We will be systematically aligning production and other stages in the value chain to CO2 neutrality in the coming years,” says Dr. Herbert Diess, CEO of Volkswagen AG, in the update. The 2025 target is to reduce the CO2 footprint of the vehicle fleet by 30% across the lifecycle compared to 2015. Volkswagen is therefore electrifying the vehicle portfolio, with investment in this area alone amounting to more than EUR 30 billion by 2023. In order to support its electric offensive, LG Chem, SKI, CATL and Samsung were selected as strategic battery cell suppliers. However, due to the constantly increasing demand, Volkswagen is also taking a close look at possible participation in battery cell manufacturing facilities in Europe. Looking further ahead, the company says that solid-state batteries also have great potential. The goal is to enable an industrial level of production with this technology together with its partner QuantumScape. The MEB lies at the heart of Volkswagen’s electric offensive. The group says that the cost of e-mobility can be significantly lowered through partnerships to enable the widest possible spread of the MEB and the associated economies of scale. Volkswagen points to a specific example of such a partnership with the planned cooperation with Aachen-based e.GO Mobile.