Volkswagen Group plans to sell 22 million electric vehicle by 2028

The Volkswagen Group is moving ahead with the fundamental change of system in individual mobility and systematically aligning with electric drives.

The Group is planning to launch almost 70 new electric models in the next ten years - instead of the 50 previously planned. As a result, the projected number of vehicles to be built on the Group's electric platforms in the next decade will increase from 15 million to 22 million.

Expanding e-mobility is an important building block on the road to a CO2-neutral balance. Volkswagen has signed off a comprehensive decarbonisation programme aimed at achieving a fully CO2-neutral balance in all areas from fleet to production to administration by 2050. Volkswagen is thus fully committed to the Paris climate targets.

Dr. Herbert Diess, CEO of Volkswagen AG, said: “Volkswagen is taking on responsibility with regard to the key trends of the future - particularly in connection with climate protection. The targets of the Paris Agreement are our yardstick. We will be systematically aligning production and other stages in the value chain to CO2 neutrality in the coming years.”

“Volkswagen is seeking to provide individual mobility for millions of people for years to come - individual mobility that is safer, cleaner and fully connected. In order to shoulder the investments needed for the electric offensive we must make further improvements in efficiency and performance in all areas,” he added.

The Volkswagen Group has set milestones in all areas to be achieved in the coming years on the road to complete decarbonisation by 2050. The measures follow three principles: first, effective and sustainable CO2 reduction. Second, switch to renewable energy sources for power supply. Third, compensate for remaining emissions that cannot be avoided.

In order to improve the CO2 balance of vehicles throughout their lifecycle, for example, Volkswagen has already made a start on the supply chain. A detailed roadmap is currently being drawn up. There is particularly significant potential as regards steel and aluminum supplies.

The 2025 target is to reduce the CO2 footprint of the vehicle fleet by 30% across the lifecycle compared to 2015. Volkswagen is therefore electrifying the vehicle portfolio, with investment in this area alone amounting to more than €30 billion ($33.9 billion) by 2023. The share of electric vehicles in the Group fleet is to rise to at least 40% by 2030.

The first of the new-generation electric vehicles go into production this year: the Audi e-tron will be followed by the Porsche Taycan. Reservations for each of these models already total 20,000 units. And electric vehicles will be brought into the mainstream with the ramp up of the Volkswagen ID. Other models in this first wave will be the ID. CROZZ, the Seat el-born, the Škoda Vision E, the ID. BUZZ, and the ID. VIZZION.

The MEB lies at the heart of Volkswagen's electric offensive. The cost of e-mobility can be significantly lowered through partnerships to enable the widest possible spread of the MEB and the associated economies of scale. That makes individual mobility affordable and usable for the mainstream in the future as well. One example of such a partnership is the planned cooperation with Aachen-based e.GO Mobile AG recently announced at the Geneva International Motor Show.

To boost e-mobility further, the German automaker will be installing 400 fast-charging stations along Europe's major roads and highways by 2020 in collaboration with industry partners in IONITY. 100 of these will be located in Germany. That means there will be a station every 120 kilometres. Elli (Electric Life), Volkswagen's new subsidiary, will also offer wallboxes for charging at home, using green power - initially in Germany. In addition, there will be 3,500 charging points on employee car parks at all plants with further charging opportunities at dealerships.