The Volkswagen group will strongly focus on the car of the future, that is the one without fossil fuels and without a driver. The "green turning point" was and will be necessary to definitively put the chapter of the emissions scandal linked to diesel engines behind us.
The German automaker has announced that it will invest 34 billion by 2022 in the car of the future, which means both electric and self-driving cars. As communicated by the group, this sum will serve to "electrify" the range of its models as well as to develop new services related to mobility.
The decision comes at the end of the company's supervisory board meeting in Wolfsburg. For the next five years, total investments will instead amount to over 70 billion euros, for an average of 14 billion a year. "We want to create the conditions to make Volkswagen the number one electric car between now and 2025," said patron Matthias Muller in a statement. Most of the 34 billion euros dedicated to electric technologies will be used to electrify the group's vehicles in order to expand the offer of fully electric and hybrid cars.
Volkswagen is accelerating to bid farewell to combustion engines in its twelve brands, trying to challenge Tesla and become the leader of the sector. In addition to the 20 billion for the green fleet, Muller has also pledged to put another 50 billion euros on the table in batteries to power the vehicles themselves.
