Distributed Generation  -  March 14, 2019

Volkswagen to increase EV production by 50%

Volkswagen plans to increase the number of electric vehicles it produces by 50% over the next decade and significantly reduce the amount of carbon emissions associated with its the production and use of it products by 2025.

The automaker set a goal of producing 22 million battery electric vehicles over the next decade, CEO Herbert Diess announced March 12. This is an increase from its previous goal of 15 million. 

"Volkswagen will change radically," Diess stated in a press release. "We are taking on responsibility with regard to the key trends of the future – particularly in connection with climate protection."

The company also announced that it plans to have almost 70 new electric vehicle models by 2028 and is targeting full CO2-neutral balance by 2050. This is part of a comprehensive decarbonization program that the Volkswagen Group signed off.

"We will be systematically aligning production and other stages in the value chain to CO2 neutrality in the coming years, Diess said. "That is how we will be making our contribution towards limiting global warming. 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."

Volkswagen is aiming to reduce the carbon footprint of its vehicle fleet by 30% across the life cycle and reduce CO2 emissions at all its plants by 2025. 

The automaker has been trying to shift away from its longtime dependency on diesels, especially after acknowledging in 2015 that it rigged emissions tests on vehicles using several of its diesel engines CNBC reported

"The electrification program will be expensive, VW announcing that it will spend about 9 billion euros ($10.2 billion) on e-mobility from now through 2023 – a figure that doesn’t include the 50 billion euros in lithium-ion batteries VW has said it expects to purchase by mid-decade," CNBC reported.

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