Volkswagen will invest billions of dollars in the development of electric vehicles

Volkswagen will invest billions of dollars in the development of electric vehicles

Speaking at the Volkswagen Group night on the eve of the Frankfurt motor show, Muller was confident that his company would lead the way into an electric future.

"Nothing can stop the transformation in our industry".

"We will have a long transition phase in which a wide variety of drive systems will coexist", he said. "For the time being, we will be offering the entire powertrain spectrum - from conventional to fully-electric - to enable sustainable and affordable mass mobility". Despite all the buzz, the year's most-talked about vehicle will be conspicuously absent from the Frankfurt convention center: Tesla's Model 3. The initiative includes 80 new electrified models by 2025-50 all-electric models, and 30 plug-in hybrids.

Around $20 billion will be spent on developing electric vehicles which is double the budget originally proposed by VW earlier this year. Going further, the company will be investing solid-state batteries. The company is looking for partners in the US, Europe, and China to build gigafactories, and VW Group has consolidated all of its battery R&D work at a center of excellence in Salzgitter, Germany.

Muller said on 11 September: "We have got the message and we will deliver". We have to wait until 2022 for the I.D. Buzz (middle).

Instead of bringing a new prototype from the I.D. family, Volkswagen has made a decision to revisit the first Crozz just in time for the Frankfurt Motor Show in a bid to support its claims of pushing towards a greener future.

The world's largest carmaker Volkswagen has pledged to invest billions of dollars in the development of new electric vehicles and present less than 15 years, by 2030, elektroversiya all of their models. The I.D. Crozz II will likely unveil a production model after the first two. During Auto Shanghai, where it was first introduced, the I.D. Crozz still looked completely like a concept vehicle. Since it's an EV, there's no need to fit an engine or transmission - instead there only needs to be space for a battery pack and compact electric motors. The battery pack is incorporated low between the axles which the car's creators say gives it handling characteristics comparable to a Golf GTI hatchback.

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