Volkswagen to invest over 20 billion euros to boost e-car production

ID Crozz is VW's electric SUV
IAA 2017: All you need to know about the Frankfurt Motor Show

13 September, 2017

It's also earmarking over 20 billion euros (about $23 billion) to fund the electrification transition.

"Our task is to make modern technology available to many people".

VW also announced it is now looking into battery technology, tackling the issue of battery range, especially as VW's fleet alone will need 150 gigawatt hours of ion batteries by 2025.

"One thing is clear: The Golf of the future must once again be a people's auto!"

German carmaker Volkswagen (IOB: 0P6N.IL - news) doubled down Monday on efforts to clean up its image tarnished by the dieselgate scandal, vowing ahead of the IAA auto industry show to electrify its entire range by 2030.

Although CROZZ II sports revised front and rear fascias with a bevy of LED lights up front, plus a new paint job-Hibiscus Red Metallic-and new 21-inch wheels, the most significant innovation is the promise of autonomous drivability-I.D. The first will be the compact I.D. Both will go into production in 2020.

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The auto industry is aware of the risks involved in shifting their electric vehicle design and production setups out of their countries. B-pillars are absent on the I.D. Instead it has a unique door layout, wherein the front opens normally with conventional hinges but the rear being sliding doors. "Pilot" by voice instruction. This common architecture will be the starting point for a multitude of new EVs from VW Group brands, starting with a trio from Volkswagen: the I.D.

The high-performance battery can be charged to 80 per cent of its energy capacity in 30 minutes using a fast-charging system.

Achieving that will require a huge number of batteries.

VW's so-called I.D. model will compete with Tesla's least expensive vehicle, the new $35,000 base-price Model 3 sedan, for mass-market buyers.

Muller said the Group was initially aiming for electric models with a range of around 370 miles, and was also conducting research into solid state battery technology with a potential range of 1000 miles which he hoped could be brought to production by 2030. And even if you prefer Volkswagen's take on the whole electric coupe SUV idea, you still have to admit the Skoda looks at least just as good.

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