For the Group with its 12 brands, over 120 production sites worldwide and some 11 million vehicles built each year, the pathway is clearly defined. “GoTOzero”, the Group’s environmental mission statement, builds on four main areas of activity – climate change, resources, air quality and environmental compliance.
The Group plans to spend nearly €60 billion on the future areas of hybridization, electric mobility and digitalization in the period to 2024. This amounts to slightly more than 40 percent of the company’s investments in property, plant and equipment and all research and development costs during this period. Around €33 billion of this figure will be invested in electric mobility alone.
Volkswagen is fully committed to electrification as the lead technology, thus setting the course for sustainable mobility for everyone – today. The Volkswagen ID.3 built in Zwickau, for example, will be delivered to customers with a carbon-neutral footprint. During the car’s service life, Volkswagen offers green power via its subsidiary Elli and attractively-priced wallboxes for home charging. The ID.3 is soon to be followed by the ID.4, a zero-emission SUV. Volkswagen is electrifying the SUV segment – thus combining environmental protection with the flexibility desired by customers.