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09/11/17
Wolfsburg
Volkswagen Group News

The Volkswagen Group launches the most comprehensive electrification initiative in the automotive industry with "Roadmap E"

Matthias Müller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, at the Group Media Night ahead of the International Motor Show (IAA) in Frankfurt, Germany.
  • Group brands will bring 80 new electric vehicles to customers by 2025
  • Capex to be ramped up: over €20 billion earmarked for the industrialization of e-mobility
  • Battery strategy will be driven forward: global order volume of over €50 billion put out to tender
  • Chairman of the Board of Management Müller on the eve of the IAA 2017: "We will lead the transformation in our industry."
 

The Volkswagen Group is launching the most comprehensive electrification initiative in the global automotive industry with its "Roadmap E": Volkswagen will have electrified its entire model portfolio by 2030 at the latest. This means that, by then, there will be at least one electrified version of each of the 300 or so Group models across all brands and markets. This makes Volkswagen the first big mobility group to have put a date on the electrification of its entire fleet. The Group will need more than 150 gigawatt hours of battery capacity annually by 2025 for its own e-fleet alone. This is equivalent to at least four gigafactories for battery cells. To meet this demand, the Company has put one of the largest procurement volumes in the industry's history out to tender: over €50 billion.

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