VW to invest and produce more electric cars in North America

Volkswagen You will invest 7 thousand and 100 million dollars In the next five years in North America A senior executive said the company will add 25 new electric cars to its production in the region by 2030.

The German automaker expects 55 percent of its sales in United State To be fully electric cars by 2030, according to Scott QPresident and CEO of American Volkswagen Group. This compares with the goal of 70 percent of electric cars in Europe by 2030.

Volkswagen It will start phasing out gasoline models in North AmericaWith the aim of abandoning sales of cars equipped with a combustion engine at the beginning of the next decade.

Q He said the company will begin making the ID.4 electric model this year and plans to sell the ID.Buzz mini electric in the United States in 2024. The company has not decided whether to build ID.Buzz in North America.

Volkswagen will build the ID.4 at its plant in Chattanooga, Tennesseeand is upgrading its Mexican plants in Puebla and Silao to start manufacturing electric vehicles, motors and related components in the middle of the decade.

Keogh said the company also plans to ramp up battery production in the United States, where it has a partnership with South Korea’s SK Innovation.

MRA