Volkswagen commits to electrification and digitisation

As part of its electric offensive, Volkswagen will be launching eight electric or hybrid vehicles out of the 34 new models scheduled for launch next year.

Volkswagen Chief Operating Officer Ralf Brandstatter commented, "We are at the beginning of a new era. We mean business with e-mobility. The brand will be investing €19 billion ($28.5 billion) in future technologies through 2024, with €11 billion ($16.5 billion) alone in the further development of e-mobility. Volkswagen starts the biggest electric offensive in the automotive industry next year: The ID.3 goes on sale in the mid-2020, soon followed by the ID.Next, our first electric SUV. Our ID. family makes emission-free mobility accessible to many people for the first time. That is New Volkswagen."

Volkswagen will also continue to stand by its commitment to the Paris climate goals. Both the company and its vehicles are to achieve a carbon-neutral balance by 2050, while CO₂ emissions from production are to be halved by 2025. Volkswagen is well on track in this respect thanks to its electric offensive.

The digital transformation roadmap is another important stepping stone for the company in its modernisation efforts. Signed off in 2019, the roadmap follows on from the pact for the future and focuses in particular on further improvements in competitiveness and earnings power over the coming years. It also lays the groundwork for expanding the software expertise of the brand and the Volkswagen Group.