All-electric vehicle sales are expected to account for more than 70% of European vehicle sales by 2030, compared to the previous target of just 35%, the world’s second-largest automaker Volkswagen said after unveiling its strategy to “accelerate.”.
The company plans to produce self-driving cars in defiance of Apple, Google and Amazon, and also seeks to independently develop operating systems, which are the basis of future electric cars, to monetize data-driven business models, Volkswagen has committed around 16 billion euros ($19 million) to invest in future trends up to 2025 that include e-mobility, vehicle hybridization, and the transition to digital work systems.
But the company failed to convert its vehicles to run on electricity until it admitted in 2015 that it had cheated in US diesel emissions tests and had to deal with new Chinese restrictions on electric cars, this has led to a strategic shift towards definitive emissions reduction and the development of autonomous driving technologies, and the company now has one of the most ambitious programs in the industry.
Carmakers are racing to develop electric vehicles to meet Europe’s CO2 reduction goals, and this week Volvo joined the growing number of car companies aiming to have an all-electric car line by 2030.
Stellantis, the company resulting from the merger of Fiat Chrysler and PSA, plans to provide all-electric or hybrid versions of all its vehicles in Europe by 2025, and Volkswagen expects to increase the share of all-electric vehicles sold in China and the United States by 50% by 2030, seeking to exceed its competitors, including Tesla, to become the world leader in the production of electric vehicles.