Volkswagen Passenger Cars, the German auto major, recently announced its financial results for 2022, reporting a revenue of 74 billion euro and an operating profit of 2.6 billion euro. Despite the challenging economic situation and unsettled geopolitical environment, the company managed to achieve its targets through effective sales management and rigorous cost optimization. Volkswagen aims to have an all-electric share of around 80 percent in Europe by 2023. Additionally, the company aims to launch 10 new electric models by 2026, including an affordable electric vehicle christened ID. 2all.
Volkswagen aims to introduce an affordable electric vehicle
Volkswagen plans to have an all-electric share of around 80 percent in Europe by 2023 and an electric share of 55 percent in North America by 2030. The company also aims to double its market share in North America and the USA to at least 5 percent by 2030. To achieve these targets, Volkswagen plans to invest 5 billion euro in e-mobility and digitalization by 2027 and a further billion euro in South America by 2026 to boost its market share and kick-start the transformation to e-mobility.
Volkswagen has been working diligently to expand its electric vehicle lineup, and it plans to launch 10 new BEV models by 2026. Four new electric models are coming soon, including the second-generation ID.3, the sporty ID.3 GTX, the long-wheelbase ID. Buzz, and the flagship ID.7. The company aims to offer the broadest e-portfolio compared to its competitors, from the entry-level BEV to the ID.7 electric sedan.
One of the significant announcements made by Volkswagen is the launch of an affordable electric vehicle, christened ID. 2all, by 2026. The ID. 2all is expected to have a price tag of under 25,000 euros and will make its world debut soon. The launch of an affordable electric vehicle is part of Volkswagen’s plan to achieve a more sustainable future by making electric vehicles accessible to a broader audience.
Volkswagen’s goal is to have 8 out of 10 cars sold in Europe to be battery electric vehicles by 2030. With the launch of the ID. 2all, the company hopes to make a significant contribution to this target. The ID. 2all is expected to have a range of around 300 miles and will be equipped with advanced features and technology.
In conclusion, Volkswagen is making significant strides towards a sustainable future by expanding its electric vehicle lineup and launching an affordable electric vehicle. The company’s commitment to electric mobility and its efforts to reduce emissions will undoubtedly contribute to a cleaner and greener environment. With the launch of the ID. 2all, Volkswagen aims to make electric vehicles accessible to a broader audience and drive the transition to sustainable mobility.