VW’s Roadmap E: ‘300 electric car models by 2030’
German car maker Volkswagen announced at the eve of the IAA Frankfurt motor show it will invest 20 billion euro extra in making the electric car a mass product. CEO Matthias Müller presented the groups ‘Roadmap E’ which intends to have 80 new electric cars by 2025 and electric versions of the whole 300 model range of the group by 2030.
Volkswagen is beefing up its offerings dramatically. Before the group had announced it would invest 10 billion euro by 2025 to launch 30 new electric models. The dieselgate scandal that broke loose in 2015, forced the German car maker to go for a radical shift to electrification.
Two new electric platforms
The 20 billion euro investment will be used for developing two entirely new electric platforms, upgrading plants and training personnel, for charging infrastructure and for battery technology and production.
Volkswagen will need more than 150 gigawatt-hours of battery capacity annually for its own range of electric vehicles only, the equivalent of four giga-factories like Tesla’s. Therefore the group will put out a tender of over 50 billion euro, the biggest volume in automotive’s history ever, to find partners in providing the batteries.
Transformation is unstoppable
In an interview with Reuters TV, Müller ensured Volkswagen does not need to sell assets to finance this transition. “Although we suffered financially in the past two years, we are positioned well enough to shoulder these investments without problems.”
“The transformation in our industry is unstoppable. And we will lead that transformation,” said Müller at the groups Media Night preceding the motor show. VW estimates by 2025 one in four group’s vehicles, up to three million a year ‘depending on how the market develops’ could be fully battery powered.
Improving diesel and petrol engines
In the mean time ‘conventional drivetrains will have to bridge to the electric age’, Volkswagen says. It points out that independent studies prove that its Euro6 diesel engines perform above average in the new WLTP emission tests in real driving conditions.
It says it will continue to invest in improvement of diesel and petrol engines, equipping all new diesels standard with SCR catalytic converters and all new petrol engines with particulate filters. The next generation of combustion engines due for 2019 is expected to show more reductions in fuel consumption and emissions.