Volkswagen to Convert 50% of its Vehicles into Electric Capacities

More than half of Volkswagen vehicle sales are expected to be driven by battery electric vehicles by 2030, as stated by the carmaker on Tuesday. The company further stated that by 2040, 100% of the company’s vehicles in the market are likely to be zero-emission vehicles. These goals are a part of Volkswagen primary aim to be completely carbon neutral by 2050.

The company stated that they are working on the development of software to help in boosting the profits as it is focused on transitioning its vehicles which are working on internal combustion engines, to battery operated.

The company has invested around 73 billion euros, equal to USD 86.4 billion, for the development of future technologies between the years 2021 to 2025, which is equivalent to around 50% of the company’s total investments. Herbert Diess, CEO at Volkswagen, stated that by the year 2030, the world of mobility will show a lot of changes, more than ever they have seen before.

He further added that the cars are getting close to autonomy, and several cars will drive around anonymously. He further added that they would have a high share of EVs. He also stated that mobility as a service would witness a rise. The company announced that they have been focusing on developing three platforms, intending to develop one software platform that can be used across all the company cars by the year 2025.