This year is shaping up to be a pretty big one for German car manufacturer Volkswagen.
Not only will 2020 be the first full year Volkswagen carries its new brand identity, but the company has also announced that it will be releasing 34 new models across the world, too. The carmaker says this includes 12 new SUVs and eight electric or hybrid vehicles.
Volkswagen has also expressed serious intent to expand its stake in the e-mobility business. The brand will be investing €19 billion (over P1 trillion) in future tech, with well over half that figure going toward further development of e-mobility.
“We are at the beginning of a new era. We mean business with e-mobility. The brand will be investing €19 billion in future technologies through 2024, €11 billion alone in the further development of e-mobility,” Volkswagen COO Ralf Brandstätter said in a recent statement.
“And Volkswagen starts the biggest electric offensive in the automotive industry next year: The ID.3 goes on sale in the summer, soon followed by the ID.Next, our first electric SUV. Our ID. family makes emission-free mobility accessible to many people for the first time. That is the New Volkswagen.”
Besides Volkswagen’s upcoming brand-new vehicles and interest in e-mobility, the company also addressed the future of its brand environmentally. Volkswagen says it will continue to stand by its commitment to the Paris climate goals.” It hopes to cut its carbon emissions in half by 2025, and achieve a carbon-neutral balance by 2050.
Do you see good things ahead for the iconic German car company? What kind of cars do you hope to see from the brand in 2020?