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Volkswagen believes: 40% of investments in electric cars



servicesthe world's first manufacturer

Sixty billion euros by 2024 to develop the car of the future. The new figure released today is 16 billion more than last year. Of this money, 40% will go towards developing electric models, 40% of the total and 10% more than expected

by Alberto Anicchiarico

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Volkswagen is right, despite the moonlight of the global auto industry. Big world houses are struggling with the costs of the electric revolution (imposed by politics, not the market) and autonomous driving. Hundreds of billions of total investments that will make the company in the next few years to make margins and distribute dividends. Just yesterday German rival Daimler had to admit that the margins in the next two years would be severely constrained by approaching costs and not brilliant sales figures.

The world's leading manufacturer with over 10 million vehicles sold annually through its 12 brands announced that it will invest 60 billion euros by 2024 to develop the car of the future through hybridization, electric mobility and digitization. The new figure is 16 billion more than last year's conference and this year's conference: 33 of those billion will be devoted exclusively to electric cars.

The percentage of investments in hybrid and draft cars will increase from 30% last year to 40%. Volkswagen intends to unveil 75 models fully electric, compared to the previous forecast of about 70. Approx 26 million on e-car produced in the following 10 years, compared to the previous target of 22 million. Probably in Wolfsburg they are certain that after the inevitable start to the electricity market, which turns into volumes that cannot bear the cost of investment, customers will increasingly choose electric cars. Among other things, in 2020 will launch Vw's first "small", ID.3, which costs around 30,000 euros, a challenge that Wolfsburg does not want and cannot afford to lose.

The government of Angela Merkel. By giving incentives to those buying electric cars for less than 40,000 euros (not Tesla, for now: US rival to open its first European production plant in Berlin: 35,000 euros Model 3 is not yet on sale), but also with more filling stations and an increase in the price of traditional fuels. It's an investment monstre of about 100 billion euros, of which 54 are allocated by 2023.

Volkswagen has confirmed the targets set for 2019, the CEO said Herbert Dis after the board meeting. "Even in a difficult environment in the global market – he said – we are on the right track." In terms of deliveries, the group aims to repeat the numbers for 2018 (after lowering the bar a few weeks ago to 900,000 cars), while the adjusted operating margin should be in the line, between 6.5 and 7.5 percentage.


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