Investment plan from 2020 to 2024 involves the investment of 36 billion dollars in the development of fully electric models, and $ 29 billion for the development of new technologies of hybrids.
Under this plan the managers of the Volkswagen Group further expanded its planned product line across all brands.
Thus, among the Audi, Bentley, Porsche, Seat, Skoda and Volkswagen for 10 years will be released to 75 60 electric cars and hybrids.
Currently, the Volkswagen Group plans to produce about 26 million fully electric cars and nearly six million hybrids by the end of 2029. In particular, 20 million electric cars will be released on a modular platform MEB.
The first model will be Volkswagen ID 3. The remaining 6 million electric cars to be issued on the basis of the premium platform PPE, high-end brands Porsche and Audi.
As noted by the head of Volkswagen Group Herbert Diess, hybridization and electrification are becoming increasingly important for the development of the automotive market