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Volkswagen significantly raises electric car production forecast for 2025

Strategic target of one million produced electric cars to be reached two years earlier than planned end of 2023

Volkswagen’s electric offensive has picked up speed as planned. With the world premiere of the new all-electric ID.3 in September and the start of production at the Zwickau electric vehicle plant in November, the Volkswagen brand has already reached major milestones. 2020 will be dominated by the market introduction of the ID. family. The first ID.3 cars will appear on Europe’s roads in the summer. Over the next few years, Volkswagen intends to become the world market leader in e-mobility and is investing €33 billion in these efforts throughout the group by 2024, including €11 billion in the Volkswagen brand. Under the latest plans, the strategic target of one million electric cars is expected to be reached end of 2023, two years earlier than previously predicted. The Volkswagen brand expects 1.5 million electric cars to be produced in 2025.

“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”, says Thomas Ulbrich, Member of the Volkswagen brand Board of Management responsible for E-Mobility. “Our new overall plan for 1.5 electric cars in 2025 shows that people want climate- friendly individual mobility – and we are making it affordable for millions of people.”

World premiere and production start of the ID.3

With the world premiere of the ID.3 at the IAA 2019 International Motor Show in September, Volkswagen presented the first model in an entirely new generation of all- electric vehicles. The ID.3 is based on Volkswagen’s Modular Electric Drive Toolkit (MEB) and offers ranges from 330 to 550 kilometers (WLTP). The basic version of the model will cost less than €30,000. For the first time, Volkswagen also offered pre- booking for the ID.3. To date, over 37,000 customers have reserved an ID.3 and paid a pre-booking deposit.

Production of the ID.3 started in November in the presence of Federal Chancellor Angela Merkel. The vehicle is being produced at the Zwickau plant, which has been fully converted for this purpose. From 2021, up to 330,000 EVs will leave the assembly line each year, making Zwickau the largest and most efficient EV factory in Europe.

Internationally, preparations for the production start of the ID. family are well underway in China and the USA. Pre-production of the ID. family has already started at the Anting plant in China.

Please click here to view the full press release.

SOURCE: Volkswagen

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