Volkswagen to 2024 to invest 60 billion euros in electric and hybrid vehicles
German car giant Volkswagen said that until 2024 it will invest 60 billion euros in the transition to electric, hybrid and plug-in vehicles, according to Ukrautoprom. This amount to 16 billion euros more compared to the previously announced investments.
the company Also said that the plan approved by the Supervisory Board, are planned for the next decade to provide up to 75 fully-electric models and about 60 hybrid vehicles, compared to 70 in both types that have already been scheduled.
In the plans of Volkswagen to sell 26 million fully electric vehicles by 2029, and nearly six million hybrid vehicles. These volumes should help to achieve the new European objectives for the emissions of carbon dioxide (CO2).
the company says that global sales showed a 12.2% increase in global supply in October to 949 800 cars.
Strong growth was again recorded in Europe (+ 25.5 per cent) and Germany (+41.5 per cent) compared with the weaker performance in October 2018, a result of the WLTP. The Volkswagen Group also managed to expand its market share in the regions of North and South America, reducing the overall markets.
"In October, the Volkswagen Group has demonstrated the good performance of supplies. We outperformed the market in all major regions and again significantly expanded our market share, especially in China, our largest market. Also nice to see that we have made significant progress in our domestic market of Germany," commented Dr. Christian Dahlheim, head of the sales Department of Volkswagen Group.