Volkswagen Plan Electric: A Step in the Right Direction?

Volkswagen plan electric

Volkswagen plan electric just got real. For it recently announced its ambitious plan to become a leader. That’s again, Volkswagen plan for electric vehicles (EV). Moreover by investing billions of euros. All towards the development of EVs and related technologies. The company aims to produce 1.5 million electric cars annually by 2025. In addition, they want to achieve carbon neutrality by 2050. 

This marks a significant shift for the German automaker. Especially whose reputation was tarnished by the 2015 Dieselgate scandal. That’s where it was found to have cheated emissions tests. In this post, we will examine Volkswagen’s plan for an electric future. Moreover and evaluate its potential impact on the automotive industry.

Volkswagen’s Plan for Electric Cars

Volkswagen’s plan involves investing €35 billion ($41 billion) in electric mobility. Also, digitalization, autonomous driving and new mobility services by 2025. The company will introduce at least 20 fully electric models by 2025. So with the first model, the ID.3. That’s already in production. In fact, I tested the ID.4. The company will also invest in battery technology and infrastructure. All to support the growing demand for EVs.

Volkswagen’s ambitious plan is in line with the global trend towards electrification. Especially as countries around the world set targets to phase out fossil-fuel vehicles. In the European Union, for example, new cars must emit an average of 95 grams of CO2 per kilometer by 2021. More surprisingly and 0 grams by 2035. Volkswagen’s plan will help the company comply with these regulations. In addition and stay competitive in the market.

Impact on the Automotive Industry

Volkswagen’s plan for an electric future will have a significant impact on the automotive industry. The company’s investment in EVs and related technologies will create job opportunities. In addition and stimulate economic growth. It will also accelerate the transition towards a low-carbon economy. Moreover and help reduce air pollution.

Volkswagen’s plan will also increase competition in the EV market. Especially as other automakers will be forced to keep up with Volkswagen’s pace. This will lead to more innovation. Most importantly, lower costs for consumers. That’s making EVs more accessible to the masses.

Criticism of Volkswagen’s Plan

Despite its ambitious plan, Volkswagen has faced criticism. Especially from environmental groups. In addition to some experts. Those who argue that the company is not doing enough. Most noteworthy to address its past emissions cheating. They also argue that the company’s plan is not ambitious enough. As well as that it should set more aggressive targets. Especially for carbon neutrality.

Conclusion

Volkswagen’s plan for an electric future is a step in the right direction. Especially for the German automaker. In addition, the company’s investment in EVs. Moreover and other related technologies. For it will also create job opportunities. Most importantly and stimulate economic growth. All the while helping to reduce air pollution. However, the company must address concerns. Especially about its past emissions cheating. Moreover set more ambitious targets. Most importantly and for carbon neutrality. Especially to then truly become a leader in the transition towards a low-carbon economy.

Sources:

1. Volkswagen Group. (2021, March 15). Volkswagen accelerates transformation into software-driven mobility provider. Volkswagen Group. https://www.volkswagenag.com/en/news/stories/2021/03/volkswagen-group-accelerates-transformation-into-software-driven.html
2. Reuters. (2021, March 15). Volkswagen targets 70% of European sales to be electric by 2030. Reuters. https://www.reuters.com/article/us-volkswagen-electric-idUSKBN2B21AK
3. Dwivedi, Y. K., & Bali, R. K. (2020). Electric vehicles adoption: a review and research agenda. International Journal of Energy Research, 44(1), 62-105. https://doi.org/10.100