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Cars Volkswagen will build one million EVs a year by 2023

15:25  02 january  2020
15:25  02 january  2020 Source:   motoringresearch.com

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Volkswagen has increased its target for electric car output over the next decade. It wants to reach the one-million-per-year production milestone as soon as 2023, and to build 1.5 million EVs a year by 2025.

VW had previously predicted that the one million mark would arrive in 2025. The marque wants to become the world leader in EVs over the next couple of years. Its first major play in 2020 will be the introduction of the ID.3, with a range of ID. electric cars to follow.

A total of 15,000 ID.3s were ordered within a week when the car was announced in May 2019. Shortly after its full reveal at the 2019 Frankfurt Motor Show, orders exceeded 33,000.

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To date, Volkswagen has sold more than 250,000 electrified vehicles (including hybrids). The 250,000th – an e-Golf – was delivered in mid-December 2019. The e-Golf, a precursor to the ID.3, makes up 104,000 of those sales.

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“2020 will be a key year for the transformation of Volkswagen. With the market launch of the ID.3 and other attractive models in the ID. family, our electric offensive will also become visible on the roads”, said Thomas Ulbrich, the member of the Volkswagen board responsible for e-mobility.

“Our new overall plan for 1.5 million electric cars in 2025 shows that people want climate-friendly individual mobility – and we are making it affordable for millions of people.”

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Across the group, Volkswagen is investing nearly £30 billion over the next four years. The Volkswagen brand alone is putting £9.3 billion into e-mobility.

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It’s not all about Volkswagen-badged cars, either. An unprecedented move by the marque is the distribution of its MEB electric architecture to rival manufacturers.

Ford will be using MEB – which underpins the ID.3 and subsequent Volkswagen EVs – for a new model from 2023. The Ford riding on the Volkswagen platform is expected to sell 600,000 units by 2023.

VW also wants its influence on the electric car market to extend beyond cars themselves. To that end, it is developing a charging infrastructure. Its startup subsidiary, Elli, has 10,000 power customers already. It aims to have 36,000 charging stations across Europe by 2025.

The post Volkswagen will build one million EVs a year by 2023 appeared first on Motoring Research.

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