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Volkswagen's Ambitious Ten-Year Plan: Targeting Affordable ...
2024-05-29 22:07:53

Volkswagen's Ambitious Ten-Year Plan: Targeting Affordable Electric Cars

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Volkswagen has unveiled a comprehensive strategy until 2035, with a key focus on expanding into e-mobility and introducing a new electric car priced at around 20,000 euros by 2027. Despite concerns from investors about meeting EU CO2 targets, VW aims to strengthen its electric vehicle lineup to compete in the market.

The company plans to independently develop a cost-effective electric model, emphasizing its commitment to European production. CEO Blume highlights the urgency in accelerating the development of the 'VW ID.1' electric car to secure a position in the entry-level electric segment and calls for government support in driving electromobility forward.

Related news on that topic:

Volkswagen's Electromobility Strategy: Affordable Electric Cars ... 2027

Volkswagen (VW) is setting its sights on launching an electric microcar priced at around 20,000 euros in 2027 to promote electromobility accessibility. The company aims to independently develop and produce the vehicle in Europe, emphasizing its commitment to electric vehicle adoption. With plans to sell only electric cars in Europe from 2033, VW's strategy focuses on expanding its electric vehicle lineup to cater to varying consumer preferences and market dynamics. Despite facing competition and time constraints, Volkswagen's ambitious project signifies a significant step towards a more sustainable and electric future in the automotive industry. However, challenges such as increasing the electric share to meet EU's CO2 targets and adapting to evolving consumer trends, like the preference for plug-in hybrids, present hurdles that Volkswagen is navigating to realize its electrification goals.

German Minister and Car Manufacturers Navigate Chinese EV Tariffs

German Transport Minister Volker Wissing opposes imposing tariffs on Chinese electric cars, stressing the value of international competition for German manufacturers. However, fears loom among German carmakers like BMW, Volkswagen, and Mercedes-Benz over potential Chinese retaliatory measures due to the EU's tariff plans on Chinese EVs. Additionally, Wissing criticizes CDU's stance on the combustion engine phase-out, advocating for a technology-neutral approach to reduce CO2 emissions. On the other hand, Ferrari's CEO Benedicto Vigna views the Chinese EV challenge as a chance for European automakers to enhance their competitiveness, likening it to the dynamic environment of Formula 1 racing.

The press radar on this topic:

n-tv.de
29. Mai 2024 um 16:55

"North Star for Action": VW announces ten-year plan - Cheap electric cars will be built abroad - n-tv.de

Economy
Environment
Finance
Volkswagen has announced that it will present its strategy until 2035 by the end of the year. The car manufacturer is focusing its investments on e-mobility and plans to bring another electric car to the market by 2027 in the price range of around 20,000 euros. Some investors expressed concerns that it could be difficult to significantly increase the electric share to comply with the EU's CO2 targets.
DER SPIEGEL
29. Mai 2024 um 12:06

E-car for 20,000 euros: Volkswagen's late attack - DER SPIEGEL

Economy
Volkswagen plans to launch an affordable electric car called ID.1 in 2027 to keep up with the competition. Despite the time pressure and faster competitors, VW's project carries a great opportunity.
Tagesschau - Wirtschaft und Börsen-Nachrichten
29. Mai 2024 um 16:50

Annual General Meeting VW plans to build a 20,000-euro electric car without a partner

Economy
Environment
At its annual general meeting, VW presented plans to build a small electric car without a partner. The company plans to produce an electric car priced at around 20,000 euros from 2027 onwards. VW CEO Blume emphasized that this is a commitment to the European location.
heise online
29. Mai 2024 um 13:12

Electric car "VW ID.1" for 20,000 euros: VW CEO Blume wants to speed up development | heise Autos

Economy
Technology
Politics
Finance
Volkswagen is planning to accelerate the development of an entry-level electric model priced at 20,000 euros to establish a foothold in the electric entry segment. The development time for the model, with the working title 'VW ID.1', is set to be significantly reduced to 36 months. CEO Blume emphasizes the importance of electromobility for the future of the automotive industry and calls for more support from the government.
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