Volkswagen to invest €15 billion in advanced powertrains over next 5 years

The Volkswagen Group has invested some €3 billion  in “alternative” drive technologies over the past five years, and plans to triple this amount over the next five years, said CEO Matthias Müller at the company’s Annual General Meeting in Hanover.
By our calculation three times €3 billion is about €15. billion. That’s a lot of money.

“The future is electric. We intend to be the number one in e-mobility by 2025,” said Müller. “At the same time, the Volkswagen Group is continuing to develop diesel and petrol engines, making them even more efficient and eco-friendly…Conventional engines will remain indispensable for the foreseeable future.”

“In order to provide affordable, sustainable mobility on a large scale we will continue to deploy the complete spectrum of drive types: from conventional to fully electric”, Müller said, outlining the Group’s drivetrain strategy. He explained that the 12-brand Group is sending clear signals for the expansion of e-mobility. The Group has invested some three billion euros in alternative drive technologies over the past five years and will be tripling this amount in the course of the next five years.
Volkswagen-I.D.-Concept
“This is how the Group will be rolling out more than 10 new electrified models by the end of 2018. By 2025, we will be adding over 30 more BEVs.” The newly-established Center of Excellence in Salzgitter will bundle Group-wide competence in battery cells and modules. “At the same time, we are conducting intensive negotiations to establish partnerships in the field of battery cells in Europe and China. You will soon be hearing more about this”, the CEO added.

According to Müller, modern internal combustion engines will nevertheless be indispensable for the foreseeable future: “This applies also and especially to the Euro 6 diesel, despite the current heated debate.” In total, the Volkswagen Group will be investing around 10 billion euros in these technologies by 2022, Müller: “The internal combustion engine primarily is part of the solution, not part of the problem.” And he added: “124 years after it was invented, the diesel engine still has plenty of potential. And we intend to exploit that potential. By 2020, we will have made our internal combustion engines between 10 and 15 percent more efficient, and therefore also cleaner. This will help protect the environment and conserve resources.”

Notwithstanding the diesel crisis, Volkswagen is well prepared to face fundamental change in the automotive industry. “In the last fiscal year, we laid the foundations for the most extensive transformation in the history of Volkswagen. And we put up an operative performance that was much better than many people had thought possible”, Müller said: “For 2017, it’s now ‘full speed ahead’!”
Looks very much VW are on an EV roll!
Source VW News

Share:

More Posts

iphone 16

Latest iPhone Success Is A First For Apple

Apple takes #1 spot in Q1 2025 for Smart Phone Sales Research for Counterpoint shows that the global smartphone market grew by 3% in the first quarter of 2025, driven by growth in emerging markets and “a subsidy-led demand boost in China,” it said.  The research went on to mention the thing that has never

Macan EV Turbo front

Review: 2025 Porsche Macan EV Turbo – Electric PowerED SUV Meets Porsche DNA

Macan Turbo EV The wait is over. Porsche has finally pulled the wraps off the all-electric Macan EV Turbo, and after spending some time behind the wheel, it’s clear: this isn’t just a Macan with a battery. It’s the future of Porsche’s compact SUV — and it’s everything we hoped for. First Impressions Let’s get

tranmission lines

Gas-fired power generation hits four-year high

It was the dunkelflaute Low levels of renewable generation and high demand drove gas-fired power generation to its highest level since 2021 for the first quarter of the year. That was the standout highlight in a new report on the British power generation market by Montel Analytics. Montel’s study showed that electricity generated by combined

macan ev

Porsche Sales up in USA and Down in China

Porsche records robust results for 2024 Robust 2024 financial year: Group sales revenue of 40.1 billion euros, Group Operating profit of 5.6 billion euros, Group operating return on sales of 14.1 per cent. Strong net cashflow almost reaches record levels of 2023. Proposed dividend amount the same as previous year. Negative effects from market developments

Send Us A Message