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. 

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!

Recommended

Volkswagen ID. models to get over-the-air software updates
Volkswagen ID.3
Volkswagen

Volkswagen ID. models to get over-the-air software updates

Volkswagen shifts towards a software-based business model, with improved safety and additional features enabled through updates
13 Sep 2021
2023 Volkswagen Aero B: new electric Passat equivalent spied
Volkswagen Aero B - front
Volkswagen

2023 Volkswagen Aero B: new electric Passat equivalent spied

Volkswagen will soon make its ID.Vizzion concept a reality, which could become the longest-range MEB model in the firm’s electric line-up
10 Sep 2021
New Volkswagen ID. Life wows at Munich Motor Show
Volkswagen ID Life - Munich front
Volkswagen

New Volkswagen ID. Life wows at Munich Motor Show

The new Volkswagen ID. Life concept previews a future affordable electric car that will sit below the ID.3 in the brand's line-up
7 Sep 2021
New Volkswagen ID.2 to kick-start brand’s push into small electric cars
Volkswagen ID.2 - front (watermarked)
Volkswagen

New Volkswagen ID.2 to kick-start brand’s push into small electric cars

The new Volkswagen ID.2 baby electric SUV will be part of an extended ID. line-up, and our exclusive images preview how it could look
6 Aug 2021

Most Popular

New 2022 Honda e:NP1 and e:NS1 electric SUVs revealed with 311-mile ranges
Honda e:NP1 - front
Honda

New 2022 Honda e:NP1 and e:NS1 electric SUVs revealed with 311-mile ranges

Duo of new Honda electric SUVs revealed for China, but European spec car could follow
15 Oct 2021
Friends reunited: buying back a Porsche 911
Porsche 911
Porsche 911 Coupe

Friends reunited: buying back a Porsche 911

How perfect timing led a Porsche 911 fanatic to buy back his old car
14 Oct 2021
New Ford Focus unveiled with 2021 facelift and tech updates
Ford Focus ST Line - front
Ford Focus Hatchback

New Ford Focus unveiled with 2021 facelift and tech updates

Ford has given the Focus hatchback a refresh for 2021, with a new design and an improved infotainment suite
14 Oct 2021