Volkswagen Investment in Electric Cars and Batteries

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Volkswagen Electric Cars

Volkswagen Electric Cars

 

Volkswagen is the leading auto manufacturing company and this company has developed various petroleum vehicles. The company has done the dramatic shift of objectives for Volkswagen and the company has made $10 billion investment for electric vehicles, which is less than the gas powered cars. The company has made the investment of 70 billion euros and its goal was to put 300 EV models on market by 2030.

Volkswagen Electric Cars

Volkswagen Electric Cars

 

From the VW presentation the slide was leaked and it showed the new coming electric vehicles that are 4 new models, which are coming under VW brand in next few years. There are some other brands like Porsche, Audi and other automakers will release the vehicles very soon. The company has also made the most of the investment of 50 billion euros in the battery production to support their electric car for next decade.

The CEO of the VW company said during an event in Frankfurt that the shift in the objectives is done because of the company like Volkswagen must lead in auto field but not follow.

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