By 2030, Volkswagen plans to have increased its electric vehicle sales in Europe by more than twice the current amount. The move is in efforts to accelerate the company’s transition to electric vehicles. Before this revelation, the firm was planning to ensure 35% of its car sales in Europe will be battery-powered by 2030. However, given its new Accelerate strategy, the percentage has increased to 70. As far as one of this group’s management board members and the brand head Ralf Brandstaetter is concerned, the strategy will accelerate Volkswagens shift towards electric vehicles, which seems to be the future of the automaking industry.
It also plans to increase its market share in China and the United States within the same period. It wants to increase its stake in the two countries to over 50% come 2020. With over half of the market share, it would only mean that it would be leading in the sector. Consequently, even Tesla would come second to Volkswagen, and that’s what the firm is aiming at going forward. Ralf believes that the company is in a better position to lead than the other major manufacturers. He acknowledges that the other automakers are working on the electric transition. However, according to him, Volkswagen’s steps are more significant than the others, increasing its chances of winning it in the end.
Brandstaetter added that people should expect a significant change from Volkswagen in the following years. The company plans to increase its revenue sources through the use of software functions and data integration. The latest release was the ID3 compact hatchback which was sold in Europe. As for the China and United States markets, the ID4 electric crossover will be available as soon as next year. There are also other upcoming models such as ID6 X/Cross, sporty ID5, and ID4 GTX.
Its current project is the Scalable System Platform which revolves around flat vehicles’ next-generation all-electric drive toolkit. It will be part of Trinity, VW’s flagship project, and its deployment will take place from 2026. This Trinity project is about an electric sedan, and the plan has it that it will be manufactured in the plant in Wolfsburg, Germany. By 2025, VW also plans to invest in future trends such as digitalization, hybridization, and e-mobility, and the amount they plan to spend is about $19 billion.
It is important to note that up until 2015, Volkswagen was recording a slow transition towards the electric vehicles transition. However, it is evident that the stand has changed, and it is looking forward to an entire shift to zero emissions.https://newswinters.com/