Just In
Don't Miss!
- Sports RCB vs KKR Playing 11 IPL 2024: Royal Challengers Bengaluru vs Kolkata Knight Riders Match 10 Team News, Lineup
- News Mukhtar Ansari Hospitalised As Health Deteriorates In Jail
- Movies Yeh Rishta Kya Kehlata Hai Controversy | Pratiksha Honmukhe DELETES Note About Her Exit: People Can Be Cruel…
- Finance 45% Dividend: Maharatna Powerpack NBFC REC Turned Ex-Dividend; To Raise Rs 1,60,000 Crore Soon; BUY More?
- Technology HONOR Pad 9 With Bluetooth Keyboard Up For Grabs At Rs 22,499 in India
- Education RSMSSB Junior Instructor Recruitment 2024; Apply online for 2500 Posts, Check out for more details
- Lifestyle Aditi Rao Hydari Marries Siddharth, Exploring Heeramandi Star's Ethnic Style Statements, Bookmark Now!
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Volkswagen Group’s EV Strategy: 60 Percent Of Petrol & Diesel Vehicles To Be Discontinued By 2030
The Volkswagen group is looking at cutting down up to 60 percent of its internal combustion cars by 2030. This goes in line with the group's vision of electrification and is a part of the strategy to make VW the biggest EV manufacturer in the world.
With the EV market growing rapidly across the world, car manufacturers are doing everything in their capacity to cash in on this growth. EVs are expected to eventually supercede internal combustion engines in terms of sales numbers and that is expected to happen over the next decade or so.
Preparing for this metamorphosis of the automotive industry is no easy task and requires years of planning and R&D. The Volkswagen Group is among those brands that are planning their steady shift to electric mobility. In its bid to go electric, the VW Group will slowly pull the throttle back on its internal combustion models.
The Volkswagen Group is one of the biggest automotive brands in the world. The group directly or indirectly owns brands like Volkswagen Cars, Audi, Bentley, Bugatti, Porsche, Ducati, Skoda, etc. With iconic brands like this, planning the shift to electric and executing it flawlessly is key.
Across all its brands, the VW Group sells over 100 car models and almost all of them are powered by internal combustion engines. To make the electric move, it is imperative for VW to cut down on a large number of these models over the next few years.
Volkswagen Group's CFO Arno Antlitz was quoted as saying, "The key target is not growth. We are more focused on quality and on margins, rather than on volume and market share." He further mentioned that the plan was to cut down on petrol and diesel models over the coming years.
Some of the VW brands have already launched electric vehicles and they are performing very well indeed while some others have major EV plans. Bentley has announced that the brand will only be producing electric vehicles from 2030. On the other hand, Audi has already launched the E-Tron series of vehicles that premium EV buyers are absolutely loving.
Volkswagen Cars has already displayed quite a few EV concepts while the Skoda Enyaq iV is stunning. Porsche makes the Taycan EV which is simply one of the fastest EVs in the world and looks absolutely stunning. Given that some VW group brands have already made great electric vehicles, there is no doubt about the brand making the successful transition into electric mobility.
However, in its pursuit of electric mobility, the VW Group might just have to give up on the race of the World's largest car manufacturer. For quite some time now, Toyota and Volkswagen have been racing for the title of the largest car manufacturer. For a few years now, Toyota has had the upper hand, but barely so because VW was right behind. Now with the decision to cut down on the manufacturing of conventional vehicles, the VW group is sure to fall behind.
Thoughts On Volkswagen Group Cutting Down On Petrol & Diesel Vehicles For Electric Mobility
While it does seem like the move towards electric might see the number of models across all VW brands reduce and this might seem like an unhealthy sign. However, if VW's EV strategy works out, the brand will become the largest EV manufacturer in the world a few years down the line and we're sure that the VW group is hoping for just that.