Volkswagen Targeting 1.5 mn Electric Vehicle Sales by 2025

Volkswagen will reach 1 million electric vehicle sales by end of 2023, two years earlier than previously predicted, and 1.5 million to be produced in 2025

Volkswagen has announced that over the next few years it intends to become the world market leader in e-mobility and is investing EUR 33 billion in these efforts throughout the group by 2024, including EUR 11 billion in the Volkswagen brand. Under the latest plans, the strategic target of one million electric vehicle sales is expected to be reached end of 2023, two years earlier than previously predicted. The brand expects 1.5 million electric vehicles to be produced in 2025.

“2020 will be a key year for the transformation of Volkswagen. With the market launch of the ID.3 and other attractive models in the ID. family, our electric offensive will also become visible on the roads”, said Thomas Ulbrich, member of the Volkswagen brand Board of Management responsible for E-Mobility. “Our new overall plan for 1.5 electric cars in 2025 shows that people want climate-friendly individual mobility – and we are making it affordable for millions of people.”

In connection with its electric offensive, the group has also moved into a number of strategic business areas. With its newly established subsidiary Elli, Volkswagen is forging ahead with the development of charging infrastructure. Elli already has more than 10,000 power customers. Together with its dealers, Volkswagen is also installing its own charging stations. By 2025, a total of 36,000 charging stations are to be developed throughout Europe at dealerships and plants.

It has also laid foundations for the development, testing and production of battery cells. The battery cell factory with a capacity of 16 gigawatt-hours is to be developed in Salzgitter from 2020. The start of production is planned for the end of 2023/beginning of 2024. For this purpose, Volkswagen has entered into a joint venture with the Swedish battery manufacturer Northvolt.

Over the coming year, the car manufacturer will continue and step up its electric offensive. The ID.3 will appear on the market from summer 2020. Other members will also be added to the ID. family. The first all-electric SUV – the series production model of the ID. CROZZ02 – will celebrate its world premiere in the course of the year and production of this vehicle at the Zwickau electric car plant is expected to start in 2020, too. In Anting, China, the second Volkswagen plant worldwide will start production of electric cars based on the MEB.