German Giant Volkswagen's Electric Car Production to Enter "Turbo Mode"

German Giant Volkswagen’s Electric Car Production to Enter “Turbo Mode”

Written by Flavia Marinho

Published on 08/03/2021 at 09:04

Fábrica Volkswagen entrará em “modo turbo”

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With Billion-Dollar Investment, German Giant Volkswagen Aims to Lead Electric Car Sales in the United States and China

Last Friday (03/05), the German multinational Volkswagen announced that to accelerate its electrification plans, it will implement the “Accelerate” strategy. With this, the automotive multinational aims to double the target set in 2016 and account for more than 70% of electric cars sold in Europe by 2030.

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According to Ralf Brandstätter, the CEO of Volkswagen, to achieve the new electric car sales goals, the company will aim to launch at least one model annually.

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Volkswagen Aims to Lead Electric Car Sales in the United States and China

Volkswagen intends to lead electric car sales in the United States and China. According to the executive, the German multinational will invest 16 billion euros over the next five years for the development of software and digital technologies, including autonomous driving systems.

“The key is digitalization. The car is now a software-driven product, like a connected device. Cars will become smarter and safer. Electrification is just the beginning; the real disruption is yet to come,” said Brandstätter.

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Despite the billion-dollar investment in electric car production, Brandstätter also added that internal combustion engine vehicles will continue to play an important role for Volkswagen, and some of the best-selling models, such as Golf, Tiguan, T-Roc, and Passat, will have new generations.

He also stated that these vehicles will be necessary for some time, “but they need to be even more efficient,” referring to plug-in hybrid technology (with batteries that can be recharged at outlets).

German Giant Volkswagen’s Electric Car Production to Enter “Turbo Mode”

With Billion-Dollar Investment, German Giant Volkswagen Aims to Lead Electric Car Sales in the United States and China

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Volkswagen Aims to Lead Electric Car Sales in the United States and China

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German Giant Volkswagen’s Electric Car Production to Enter “Turbo Mode”

With Billion-Dollar Investment, German Giant Volkswagen Aims to Lead Electric Car Sales in the United States and China

Read Also

Volkswagen Aims to Lead Electric Car Sales in the United States and China

Combustion Engine Cars Golf, Passat, and Tiguan Will Have New Generations

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The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

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