VW Commits $70 Billion To An Electric Car Future – CarBuzz

Volkswagen is also planning to sell nearly 6 million hybrid vehicles by 2029 across 60 models. Volkswagen mentioned digital investments a couple of times but hasn’t elaborated on plans.

“We are resolutely pressing ahead with the transformation of the Volkswagen Group and focusing our investments on the future of mobility. This is part of our systematic and consequent implementation of the Group’s strategy,” said Hans Dieter Potsch, Chairman of the Supervisory Board of the Volkswagen Group.

“We will step up the pace again in the coming years with our investments. Hybridization, electrification, and digitalization of our fleet are becoming an increasingly important area of focus. We intend to take advantage of economies of scale and achieve maximum synergies,” said Herbert Diess, Chief Executive Officer of the Volkswagen Group.


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