Skip advert
Advertisement

VW invests 34 billion euros in EVs and autonomous tech

Five-year investment plan will see bulk of 34 billion euros put towards electric vehicle development up to 2020

Volkswagen I.D. - front

The VW Group has announced an investment of 34 billion euros for the development of electric cars, autonomous driving technology and mobility services up to 2022.

The majority of that investment will be put towards new electric and hybrid vehicles, the company has said. By 2030 the VW Group claims that its entire product portfolio will be electrified; one in four of the company’s models will be dedicated electric vehicles. 

Advertisement - Article continues below

Best electric cars 2017

“We are reinventing the car,” said Matthias Müller, CEO of the VW Group. “We are, however, doing so without sidelining existing technologies and vehicle projects, since this is how we will earn our money for the foreseeable future.” 

Volkswagen I.D. Crozz II - show side

VW’s Zwickau plant in Germany will be adapted to be the dedicated site for production of Volkswagen’s electric vehicles based on the new MEB platform. A production version of the I.D hatch concept will be first to arrive in 2019; it will be followed by an all-electric SUV based on the I.D Crozz concept in 2020.

The third confirmed vehicle based on the MEB platform is the I.D Buzz. The modern day Microbus is scheduled for production in 2022 and should have an electric range of 310 miles. 

Are you pleased to see investment in EVs and autonomous tech? Let us know below!

Skip advert
Advertisement

Find a car with the experts

Skip advert
Advertisement

Recommended

Extra-hot electric Volkswagen GTI Clubsport models are on their way
Volkswagen Golf GTI Clubsport - cornering

Extra-hot electric Volkswagen GTI Clubsport models are on their way

Electric hot hatches are front and centre in Volkswagen’s electric future
News
30 Jun 2025
Volkswagen leasing deals 2025
Volkswagen Golf facelift 2024 UK - front tracking

Volkswagen leasing deals 2025

The best Volkswagen leasing deals available right now
Best cars & vans
27 Jun 2025
Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond
New cars coming soon header image

Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond

These are the most important new cars headed our way, from brands including Audi, BMW, Dacia, Ferrari, Ford, Skoda and more
Best cars & vans
23 Jun 2025
New Volkswagen ID.2 to keep concept car looks
VW ID2 spy shots - front 3/4

New Volkswagen ID.2 to keep concept car looks

The crucial new Volkswagen ID.2All, or ID.Polo, has finally been spotted up close at VW’s design centre
News
11 Jun 2025

Most Popular

Range Rover Sport SV gets massive £35k price drop as it enters series-production
Range Rover Sport SV Black - front

Range Rover Sport SV gets massive £35k price drop as it enters series-production

There’s also a new SV Black trim, and a Range Rover Sport Stealth Package for non SVs
News
1 Jul 2025
Car Deal of the Day: MG ZS gives a big SUV feel for a miniscule £194 a month
MG ZS - front cornering

Car Deal of the Day: MG ZS gives a big SUV feel for a miniscule £194 a month

The MG ZS is an easy car to like and live with. It’s our Deal of the Day for 3 July
News
3 Jul 2025
Arrivederci Roma: new Ferrari Amalfi slots in as brand’s latest entry-level model
Ferrari Amalfi - front static

Arrivederci Roma: new Ferrari Amalfi slots in as brand’s latest entry-level model

A slick new look and more power are the headlines for Ferrari’s new baby, but it’s probably some simple new buttons that will get customers’ attention
News
1 Jul 2025