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Volkswagen Group to cut combustion cars by 60% by 2030

The Volkswagen Group is likely to give up the race to become the world’s largest automaker for the title of a formidable player in the worldwide electric vehicle segment.

Via : Automatic table HT
Update on:
April 6, 2022, 05:05 PM

File photo: New cars are seen parked at the Volkswagen Group plant.  (REUTERS)
File photo: New cars are seen parked at the Volkswagen Group plant. (REUTERS)

That Volkswagen The group has huge electric vehicle plans and goals that have been established and known for quite some time. But in an ambitious move its taking on things like Tesla – the current world leader in electric vehicles, the company is steadfastly at the forefront of replacing conventional fleets with battery-powered vehicles. In a recent interview with the UK’s Financial Times, Volkswagen Group Chief Financial Officer Arno Antlitz emphasized that all can be reduced to quality over quantity while still cutting down on the number of electric cars gasoline or diesel is produced.

There are at least 100 models of the Volkswagen Group brand portfolio available with petrol engines, diesel engines or with both options. For Antlitz, this could be a more streamlined process going forward. “The important goal is not growth. He added that we focus more on quality and profit margin than on volume and market share.

But now it could be a natural change of strategy to become the world’s third largest car manufacturer, a war that has been or has been waged against. Toyota and GM. In recent times, the Volkswagen Group has resolutely pursued Tesla and realized the inevitable shift towards battery-powered mobility. The range of IDs of electric models under Volkswagen or even the strategy of only electric Bentleys from 2030 is a clear indication of this. Audi and Porsche has also been working increasingly towards electric efficiency and SUV models while Skoda Enyaq iV has been making a splash in certain markets.

In India, however, Volkswagen has made it clear that it’s not thinking about bringing in its electric vehicles just yet, even though the likes of Audi and Porsche under the Volkswagen Group have gravitated towards luxury – and expensive – offerings – their.

Date of first publication: April 6, 2022, 05:05 PM IST

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