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VW Ups EV Ante as it Places $25B in Battery Orders

German giant now outspending rival Tesla.

by on Mar.14, 2018

VW plans to have 30 fully electric vehicles ready by 2025, including models based on the ID Buzz and ID Crozz concepts.

As it ramps up plans to sell at least 3 million electrified vehicles annually by 2025, Volkswagen has announced orders for $25 billion worth of batteries and battery components – dwarfing the spending plans of all-electric competitor Tesla.

Longer-term, VW said it plans to more than double that total as it prepares to offer some form of electrified drivetrain for every vehicle in its line-up – including dozens of all-electric models. It plans to roll out its first three long-range battery-electric vehicles this year, including offerings from its Volkswagen, Porsche and Audi brands. It also will launch a new sub-brand, Volkswagen I.D., which will include in its portfolio the all-electric Buzz, a modern take on the automaker’s iconic Microbus.

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Among all 12 brands in the Volkswagen Group family, CEO Matthias Mueller said that there will be new battery-powered models launched “virtually every month,” as the new program ramps up, adding that “This is how we intend to offer the largest fleet of electric vehicles in the world.” (more…)