25 Mar '14, 12am

VW chair says component cost decrease keeps him confident of EV success

VW chair says component cost decrease keeps him confident of EV success

AG is in the middle of implementing a comprehensive electric vehicle strategy, one that we've been documenting for a long time. The Group stands ready to offer dozens of plug-in vehicles in the coming years if it feels there is sufficient demand and believes that selling a million EVs in Germany by 2020 is reasonable . That would be a solid number, but remember that VW sold over 923,000 passenger cars around the world last year, and the group as a whole sold over 1.4 million. At the company's annual Media Conference and Investor Conference in Berlin recently, the chairman of the board of VW AG - surrounded by some decidedly non-green examples of the VW Group's vehicles (some absurd new Bugatti , for example) - took some time to put the company's EV plans into focus. The upshot is that Dr. Martin Winterkorn is still guiding his electromobility ship into new waters, saying t...

Full article: http://green.autoblog.com/2014/03/24/vw-chair-says-compon...

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