VW Electric Vehicle Returns Expected To Peak From 2026
Volkswagen AG anticipates that investments in new software and electric vehicle (EV) technology will peak in the next two to three years, with the goal of making significant returns from battery-powered models after that.
VW chief financial officer Arno Antlitz told Sueddeutsche Zeitung that by 2026, the company will make barely any investments in legacy combustion-engine technology.
“The double investment burden will fade then, and that’s when we want to make significant returns from electric mobility,” he said.
VW is accelerating the industry's largest rollout of electric vehicles and software, investing 52 billion euros (US$56.5 billion or RM239.8 billion) through 2026.
The company's ambitious plans have hit a few stumbling blocks after delays in developing vehicle software caused some key
Audi and Porsche models to be delayed, ultimately leading to the ouster of then-CEO Herbert Diess last year.
The German automaker and other manufacturers are still battling to catch up with Tesla Inc, which announced earlier this month a goal of producing two million cars this year.
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
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