VW spending nearly $85 billion total on electric and self-driving cars

20 November 2017 - Autoblog

VW spending nearly $85 billion total on electric and self-driving cars

Volkswagen's leaders on Friday approved a five-year spending plan that aims to further the German automaker's goal of transforming itself into a leading force in electric cars.

Europe's largest carmaker by unit sales will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022, it said on Friday following a supervisory board meeting.

Total group investments by 2022 will total about 72 billion euros — or nearly $85 billion, the group said, confirming an earlier Reuters story. VW announced Thursday it plans to spend $11.8 billion on EVs in China.

"With the planning round now approved, we are laying the foundation for making Volkswagen the world's number one player in electric mobility by 2025," Chief Executive Matthias Mueller said in a statement.

Until it admitted two years ago to cheating on U.S. diesel emissions tests, a scandal that has cost $30 billion so far, Volkswagen had been slow to embrace electric cars and self-driving technology.

But the emissions fraud plus new Chinese quotas for electric cars have prompted a strategic shift to zero-emission and self-driving technology with VW now pledging to offer an electric version of each of its 300 group models by 2030.

News By Tags

a1ACEAalfaalfa romeoAlfa Romeo 4CAlfa Romeo GiuliaAlfa Romeo StelvioAlfa Romeo TonaleAlpinaalpinealpine a110amazonAston MartinaudiAudi A3Audi E-tronAudi R8Audi RS3Audi Rs5Audi RS6Audi SQ8AustraliaAustrijaautiautobusautocestaautocesteautoindustrijaautomobilautomobiliautomobilska industrijaautoškolaBentleybenzinbikebikesbmwBMW 3 seriesBMW 4 SeriesBMW 7 SeriesBMW 8 SeriesBMW i3BMW i4BMW M2BMW m3BMW M4BMW M5BMW X3BMW X7boatboatsBosna i HercegovinabrabusbrzinaBugattiburacampercamper vanCentar za vozila HrvatskecestacestarinacesteChryslercijenacijenecitroenCItroen BerlingoCitroen C3citroen c4classicscrash testcrossoverCustom carCVHdaciaDacia DusterdaimlerDalmacijaDetroit Auto ShowdieselDiesel bandiesel scandaldieselgateDizeldizelašidrag raceDucatiDugopoljeDysonelectricelektrična vozilaelektrični automobilelektrični automobiliEUeuropeEuropska komisijaeuropska unijaevFCAferrarifiatFiat TipoFiskerfordFord F-150Ford FiestaFord FocusFord MustangFord PumaFord RangerFord TransitFrankfurt Motor ShowfunnygenesisGeneva Motor ShowgermanyGMgorivoGrand TourgranicagumegužvehacHAKHarley-DavidsonHoldenhondahow toHrvatskaHrvatske cestehybridhydrogenhyundaiHyundai KonaHyundai Santa FeHyundai TucsonIgor NešićistraživanjejaguarjeepJeep WranglerJeremy ClarksonkamerekamionKaznakazneKiaKia SorentoKia SportageKia StingerkoenigseggkoronakrizakoronavirusKTMkupnjalamborghiniLamborghini Uruslancialand roverLand Rover DefenderLexusmarin kameničkiMaseratiMate RimacmazdaMazda CX-30mclarenmercedesMercedes SprinterMercedes X-Classmilan bandićmitsubishiMotociklimotorcyclemotorsportMUPnesrećaNikolanissanNissan ArmadaNissan LeafNissan NavaraNissan QashqaiNissan TitanNjemačkanovi automobiliNovskaOff-roadoffroadOleg ButkovićopelOpel AstraOpel ComboOpel CorsaosiguranjeOsijekParis Motor ShowparkiranjePDVpeugeotpeugeot 2008peugeot 208Peugeot 3008Peugeot 308Peugeot 5008Peugeot 508pickuppolandPolestarpolicijapolovni automobiliporezporeziporschePorsche 911porsche panameraPorsche TaycanposkupljenjepotrespožarprekršajiprodajaProdaja automobilaprodajni saloniprometprometnaprometna dozvolaprometna nesrećaPrometne kazneprometne nesrećePSAPularabljenirabljeni autirabljeni automobilRabljeni automobiliradoviramrecallrecreational vehiclerecreational vehiclesregistracijaRemetinečki rotorrenaultRenault ClioRenault DusterRenault KadjarRenault MeganeRenault Zoerent a carRichard HammondRijekarimacrimac automobiliRimac C_TwoRimac NeveraRivianRivian R1romeorotorRVsafetyScaniaSeatSeat Leonself-driving carservisŠibenikskodaSkoda EnyaqSkoda ENYAQ iVSkoda KaroqSkoda KodiaqSkoda OctaviaSkoda ScalaSlavonski BrodSljemeSlovenijasmartSplitspy shotsSrbijastarost vozilaStellantissubarusudarsupercarssuvSuzukitechnologytehnički pregledteslaTesla Model 3test rabljenogtoyotaToyota SupraToyota TacomaToyota YaristrajekttrošarinatrošarinetrucktržišteTržište automobilatuningtvornicaukUmagunos automobilaUSAvanVaraždinVelika BritanijaVelika GoricaVolkswagenVolkswagen ArteonVolkswagen GolfVolkswagen ID.4Volkswagen PassatVolkswagen Tiguanvolvovozačivozačka dozvolavozački ispitvozilaVOZNI PARKvožnjavwVW ArteonVW Atlasvw beetleVW GolfVW Golf VIIIvw jettaVW PoloVW T-CrossVW T-RocYachtYamahayugoZadarZagrebZagreb Auto Showzakonzakon o sigurnosti prometa na cestamazastavazimske gume