Posts Tagged ‘VW EV plans’

VW Ups EV Ante as it Places $25B in Battery Orders

German giant now outspending rival Tesla.

by on Mar.14, 2018

VW plans to have 30 fully electric vehicles ready by 2025, including models based on the ID Buzz and ID Crozz concepts.

As it ramps up plans to sell at least 3 million electrified vehicles annually by 2025, Volkswagen has announced orders for $25 billion worth of batteries and battery components – dwarfing the spending plans of all-electric competitor Tesla.

Longer-term, VW said it plans to more than double that total as it prepares to offer some form of electrified drivetrain for every vehicle in its line-up – including dozens of all-electric models. It plans to roll out its first three long-range battery-electric vehicles this year, including offerings from its Volkswagen, Porsche and Audi brands. It also will launch a new sub-brand, Volkswagen I.D., which will include in its portfolio the all-electric Buzz, a modern take on the automaker’s iconic Microbus.

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Among all 12 brands in the Volkswagen Group family, CEO Matthias Mueller said that there will be new battery-powered models launched “virtually every month,” as the new program ramps up, adding that “This is how we intend to offer the largest fleet of electric vehicles in the world.” (more…)

Diesel Crisis May Have Been Just What VW Needed, Suggests US CEO

"The race is on," says Woebcken.

by on Feb.09, 2018

VW's U.S. chief Hinrich Woebcken told the Economic Club of Chicago that the company needed to "Americanize" to be successful.

What doesn’t kill you makes you stronger, or so goes the old saw. And it just might apply to Volkswagen’s diesel emissions scandal, suggested the automaker’s North American chief executive, despite costing the automaker about $30 billion in penalties.

During a series of appearances at the Chicago Auto Show, Hinrich Woebcken noted that after taking an initial, sharp hit to its sales after admitting it rigged more than 500,000 diesel vehicles sold in the U.S., VW’s sales rebounded in 2017, climbing 5% even as the overall American car market fell nearly 2%.

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“Maybe the diesel crisis helped convince (our) company to Americanize,” said Woebcken, during a speech to the Chicago Economic Club. Long known to American car buyers as “a sports car brand … a niche company,” VW recognized that, if it was going to recover, it had to “move into the heart of the American market.” (more…)

VW Set to Charge Up Pike’s Peak

Maker is “literally electrified” by EV racer set to challenge 12.4-mile hill climb.

by on Oct.19, 2017

Volkswagen is ready to show off its electric vehicle expertise by racing up Pike's Peak.

Few automakers are doing more to plug into the emerging market for electrified vehicles than Volkswagen, the German company announcing last month it will invest $20 billion to develop a vast fleet of hybrids, plug-ins and pure battery-electric vehicles.

The big question is whether there’s a market for all those new models, so VW is taking a page from the Automotive Marketing 101 handbook and tweaking it ever so slightly. “Win on Sunday, Sell on Monday,” goes the old adage. And if it works for classic, internal combustion vehicles, why not try it for your battery cars, as well?

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So, VW is giving us a first look at the all-wheel-drive battery-electric that it will use to challenge the grueling Pike’s Peak International Hill Climb next year, Sven Smeets, Volkswagen’s Motorsport Director telling us, ” Our team is literally electrified about taking on this incredible challenge” — which happens to mark the first time in 30 years the company will have campaigned at the Pike’s Peak Climb. (more…)

Volkswagen Spending $300M to Begin Electrifying America

New effort to install chargers in 11 markets part of $15B settlement. 

by on Apr.17, 2017

Volkswagen is getting ready to build $300 million worth of new EV chargers in 11 markets.

Volkswagen is making the first “payment” on its $15 billion settlement with the United States as it unveiled its spending $300 million on new chargers for electric vehicles through its Electrify America subsidiary.

The company is planning to build “hundreds” of charging stations with non-proprietary chargers in 11 different markets: Boston, Chicago, Denver, Houston, Miami, New York City, Philadelphia, Portland, Raleigh, Seattle and Washington, D.C. Many of those stations will be along well-traveled highway corridors.

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The program is expected to grow to more than 300 stations in 15 markets. The idea behind the project is to further stimulate interest in electric vehicles by cutting down on the largest problem facing EV sellers: range anxiety. (more…)

Volkswagen Contemplates Building a Gigafactory

New plant to supply burgeoning EV line-up.

by on May.31, 2016

Volkswagen officials show off the maker's new battery electric minivan concept, BUDD-e, earlier this year.

Since the scandal surrounding its diesel engines broke, Volkswagen has been pushing its electrification program to the fore to show its commitment to green technologies. Skeptics wondered how serious the maker was.

Apparently giga-serious.

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The company is contemplating building an $11 billion gigafactory of its own to churn out batteries for its electric vehicles, according to a report from Handlesblatt, a German publication. (more…)

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