Here's the breakdown.
VW plans to rollout 70 different electric vehicles ( EVs) across its brands—which include Audi, Porsche, and Volkswagen—by 2025. That's six times more than the 12 electric models currently offered. The goal? To enable the mass production and availability of electric cars on a global scale. VW aims to become a leader in the electric car revolution.
VW plans to invest a whopping $48 billion dollars in electric vehicle batteries, charging infrastructure, and other tech components. This investment will help drive up the availability of charging stations, establish a reliable and high-performance battery technology, and build a smoother transition to electric cars overall. Companies will have access to better and more affordable solutions, making this global shift more accessible to the masses.
In addition to the economic benefits of this new electric car technology, there's no denying the impact it will have on the environment. By cutting emissions, VW plans to reduce their carbon footprint significantly and make their production more sustainable. This is projected to reduce overall transport emissions by as much as 30% by 2025.
VW's ambitious plan to take electric cars mainstream has the potential to revolutionize the transport industry. By 2029, the goal is for electric cars to make up 30% of their sales. With the combination of mass production, advanced tech components and charging infrastructure, and reduced emissions, VW is poised to make a major impact on the world.
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