VW is increasing by 50 percent the number of electric vehicles it plans to produce over the next decade with the goal to build 22 million battery electric vehicles, or BEVs, by 2029, up from a previous target of 15 million.
Likening his company to a"supertanker…picking up speed," Volkswagen CEO Herbert Diess said Tuesday that the automaker is increasing by 50 percent the number of electric vehicles it plans to produce over the next decade.
"The supertanker is picking up speed," Diess said Tuesday in a speech in Frankfurt."We are aligning Volkswagen with e-mobility like no other company in our industry." The new model — which German news reports have suggested will be called the"Neo" — will mark the debut of an entirely new sub-brand, Volkswagen I.D., devoted solely to battery-electric vehicles. Moving forward, it will comprise a broad line-up of BEVs, ranging from entry-level models up to large sedans and SUVs, as well as an all-electric makeover of Volkswagen's classic, hippie-era Microbus, the I.D. Buzz.But while the Volkswagen I.D.
Among other things, VW will upgrade and expand various assembly plants to handle its new, all-electric models. In January, during an appearance at the North American International Auto Show in Detroit, CEO Diess said VW will spend $800 million on its factory in Chattanooga, TN to handle two all-electric models, a move that also will create about 1,000 new jobs.
Renna said VW is working to address other key issues that have slowed the public embrace of electrification, notably range, charging times and vehicle pricing.
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