Cars
VW to Build Electric Versions of All 300 Models by 2030
- Automaker to offer electric version of all models by 2030
- CEO Mueller calls transformation of industry ‘unstoppable’
VW CEO Says Company Has the Capital for EV Plans
Volkswagen AG is putting its full force behind a shift into electric cars as the world’s largest automaker moves away from combustion engines and tries to draw a line under the emissions-cheating scandal that’s weighed on the company for two years.
Speaking on the eve of the Frankfurt auto show, Chief Executive Officer Matthias Mueller announced sweeping plans to build electric versions of all 300 models in the 12-brand group’s lineup. The German auto giant laid out the enormity of the task ahead, vowing to spend 20 billion euros ($24 billion) by 2030 to roll out the cars and earmarked another 50 billion euros to buy the batteries needed to power the vehicles.