Volkswagen targets manufacturing of 10 million e-cars by 2022

Volkswagen Electric Car

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Volkswagen has announced a major push to manufacture 10 millions of reasonably-priced, all-electric cars based on its MEB platform. The company targets the worldwide mass production by the end of 2022 as informed by the German car-maker. The auto giant has earlier flaunted a variety of “ID” concept cars based on a platform it calls the modular electric drive matrix, or MEB. The plan is to build 27 models for four group brands based on the MEB. The production is supposed to kick off by 2019 at its plant in Zwickau, Germany.

This is a direct repercussion of the diesel emissions scandal three years ago, after which Volkswagen unveiled an ambitious plan to become a world leader in green transport. The company plan to invest 6 billion euros ($7 billion) in e-car production, of which 1.3 billion will be invested in its German plants at Braunschweig, Salzgitter, and Kassel.

In the first wave alone, around 10 million VW group cars will be based on this platform – Thomas Ulbrich, head of electric mobility

There is, however, no timeline given for the arrival of the first wave, but the company stands by its policy of selling 3-million units per year by 2025 of the 50-battery powered group of models.

Volkswagen’s push towards a revolution in the rise of electronic-cars is rivaled by US-based Tesla who are in the mid of a struggling manufacturing of its Model 3, supposedly its first car to target a mass audience. BMW and Daimler are also planning to join the league of e-cars in the coming years.

Via: Reuters

Volkswagen targets manufacturing of 10 million e-cars by 2022