Last week, the Volkswagen Group annnocued that it has started its new “five year investment plan” for the future development of electric cars. The €34 billion investment is for the new research and development of autonomous vehicles as well as new electric and hybrid models.

“We are reinventing the car, we are, however, doing so without sidelining existing technologies and vehicle projects, since this is how we will earn our money for the foreseeable future.”

Matthias Müller, VW Group CEO

The large investment will mostly be spent on new models, which will primarily be electric and hybrid cars and the VW Group is stating that by the year 2030, one in four of the models it sells will be electric.

New Cars


The VW I.D and the I.D Buzz are the company’s first foray into the pure electric car market, the 21st century microbus is set to be available in 2022 with a range of 310 miles on one charge.

via: Auto Express

Image Credit: CNET