VW's aggressive EV plan comes as a range of automakers commit to an all-electric future and set ambitious production targets for electric vehicles.
VW's emissions scandal, new Chinese quotas for electric cars and tightening rules on carbon dioxide (CO2) emissions in Europe are causing automakers to focus on green cars and self-driving technology. In total, the Wolfsburg-based automaker has said it plans to purchase about 50 billion euros in batteries as part of its electric-car push, which includes three new models in 2018 with dozens more following.
Volkswagen will open the floodgates in 2022 and launch a new electric vehicle every month as it works aggressively to electrify its portfolio, the automaker said. This year alone, another nine new vehicles, three of which will be purely electric-powered, will be introduced to the Group's portfolio of eight electric cars and plug-in hybrids.
The contracts already awarded have a total volume of around 20 billion euros and a supplier decision for North America will be taken shortly. By making this strategy successful, Volkswagen will be able to launch the bigger fleet of environment-friendly zero-emission cars.
2018 will see the launch of the first "I.D." branded VW model.
The ID Buzz concept demonstrates a fast charger The ID hatch is due on roads in 2020 The ID Crozz SUV will enter production in 2022 Close
"The importance of electric-powered cars will grow considerably in the medium term", forcing carmakers to ratchet up spending on the technology, EY auto industry specialist Peter Fuss said.
However, the company chief clarified that there would be no change in the production of vehicles running on conventional drive systems. We are putting nearly €20 billion into our conventional vehicle and drive portfolio in 2018, with a total of more than €90 billion [US$111 billion] scheduled over the next five years.
Last year, it generated $8 billion in global revenues.
While the entire world automobile market is thriving towards zero emission pure electric mobility, Volkswagen has its own reason to do so. Famed investor Mark Cuban says it will produce "the world's first trillionaires", but that should still leave plenty of money for regular investors who make the right trades early.
VW a year ago started looking for partners in China, Europe and North America to provide battery technology worth more than 50 billion euros.
According to the report, there is a higher percentage of African American low birth weight babies than for other racial groups. You can search for your county by clicking on the link at the side of this story, then typing in your zip code.
Aside from The Force Awakens ($248.8 million), the others are The Avengers ($207.4 million) and Jurassic World ($208.8 million). Williams has teased a potential retirement from the franchise following next year's Episode IX .
Joplin Police Department and the Southwest Missouri DUI Task Force will both be conducting stricter DUI enforcement this weekend. Patrick's Day is one of the deadliest holidays and drunken driving on the day has claimed 269 lives between 2012 and 2016.
The sanctions will prevent the named entities from entering the USA , and will freeze any assets they have on American soil. And Democrats homed in on the fact that the list of Russians hit with sanctions included all of those indicted by Mueller.
He'll be joined by former Celtic star Joe Ledley as well as Real Madrid superstar Gareth Bale and Liverpool starlet Ben Woodburn. However, Dummett, 26, wanted to "concentrate on Newcastle's relegation fight", according to Giggs.
The 25-year-old Crowell complements veteran Bilal Powell and second-year back Elijah McGuire in New York's running game. Josh McCown and Teddy Bridgewater will battle it out under center in training camp after the two signed one-year deals.
Pochettino's hyperbole invited the comparison between Alli and some of the game's other stellar talents in his age bracket. Maybe I am not objective because he is my player but, for me, he is wonderful ".
The New Gods came into existence after the world of the gods of classic mythology were destroyed during Ragnarok. There are plenty of compelling New Gods , other than Mister Miracle , Big Barda , Darkseid and Highfather .
Music isn't going away, so whoever can lock in listeners now at the dawn of streaming could keep coining off them for decades. This could soon change as the biggest music streaming service in the world, Spotify , could soon make its way into India.
It's clear the Yahoo report regarding former Crean assistant Chuck Martin hurt his cause on getting another job. After Matta turned down the UGA job, Georgia got in contact with Tom Crean , former Indiana Coach.
Dharmendra Pradhan elected to Rajya Sabha from Madhya Pradesh
Mr Prakash had already declared that he will field at least 40 candidates in the Assembly polls to defeat the Congress candidates. The Rajya Sabha membership will be utilised for the cause of the right to take up political activities in a democratic manner.
The Most Exciting Promise of 'Avengers: Infinity War'
Heck, they might not even be in the movie as we see them knowing how things can still get edited out of the finished product. The film is being directed by Joe and Anthony Russo from a script written by Christopher Markus and Stephen McFeely.
Ravens sign WR Michael Crabtree to three-year deal
In an offense that, as a whole, dropped off after a gangbusters 2016 season, he posted 58 catches for 618 yards and eight scores. This was all happening near the same time that the Ravens backed out of a deal that would bring wide receiver Ryan Grant aboard.
Trump backs bill on school safety: White House
The White House has come out in support of the bill , though it would like it amended so that it funds programs to arm teachers. Senators made changes to legislation that already passed the House, meaning more delay before the governor can weigh in.
Google Assistant Expands To Support Hindi Language
In February, Google did mention that the AI-based voice assistant will be available in more than 30 languages by end of the year. There were some hints which Google has dropped in January that the Hindi language has been enabled on the Google Assistant .