The enormous Volkswagen Group is going to make everything electric in some shape or form by 2030, and that involves a lot of cars.
That’s because the VW Group is made up of a hugely diverse set of brands sold around the world, such as Audi, Bentley, Lamborghini, Porsche, and yes, Volkswagen. Offering everything from a 911 to a Tiguan with some sort of electric motor will have a noticeable impact on the number of hybrids and full-EVs available over the next decade or so – about 300 different cars sold in different markets in total.
VW Group is made up of a hugely diverse set of brands sold around the world
The whole electric endeavor is an $84 billion investment, VW Group CEO Matthias Mueller said Monday in Germany ahead of the Frankfurt Motor Show. Not only does it include the vehicle development, but it also covers a roughly $60 billion plan to build four battery factories that are expected to take more than a bit of inspiration from the Tesla Gigafactory.
Mueller says the internal combustion engine isn’t dead, however, and it will be a “bridge” toward a fully electric lineup. But that bridge has to end sometime. France and the United Kingdom have pegged 2040 as the year for gasoline and diesel bans for cars, with China — the world’s largest car market — planning a similar move. And then there’s the matter of the load of EVs VW has to sell in California as part of its settlement with the state and federal government after its emissions cheating scandal.
But the internal combustion engine isn’t dead at VW — yet
But Mueller’s pledge to the internal combustion engine speaks to the company’s continued exploration into all energy sources. Under leadership of Audi, hydrogen fuel cell research continues and a production car will be offered “one of these days,” he said.
In just the last couple of months, Aston Martin, Jaguar Land Rover, and Volvo have all pledged to significantly increase EV and hybrid availability across their vehicle lineups by next decade. While VW is taking more time than those other brands, the impact of their move could be a huge step toward widespread electric vehicle adoption in the near future.