The plan calls for 55% EV sales in the U.S. and more than 25 EV offerings by 2030.
Volkswagen on Monday outlined a $7.1 billion plan to expand its electric vehicle lineup in North America.
The plan targets 55% of the VW brand's U.S. vehicle sales to be fully electric by 2030, aims for more than 25 new EV models by that time, builds up battery cell production in North America, and localizes research and development and manufacturing capabilities to North America for North American customers.
“American ingenuity and manufacturing know-how are at the heart of our strategy for growth, and thousands of men and women are working hard every day throughout North America to bring the Volkswagen brand to life for consumers,” said Scott Keogh, President and CEO, Volkswagen Group of America, Inc.in 2020. It will be joined by the ID.Buzz minivan in 2023, new electric SUVs by 2026, and the expanded lineup of more than 25 new EVs four years later. Assembly of the ID.
. VW says it will localize design and engineering for the"vehicle hat" to the domestic market for North American vehicles by 2030. In other words, the platforms and major mechanical components will be developed by Volkswagen Group in Germany, and the rest of each vehicle will derive from its home market.
VW Group has several plans for battery development and manufacturing. It is assessing plans to build up a battery cell production in the U.S. and aims to finalize them this year. It is opening a new Battery Engineering Lab in Chattanooga this May. A $22 million investment, the lab will allow the company to test and validate batteries for its American EVs.
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