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Volkswagen is completely overhauling its investment strategy: the company is preparing to spend up to 70 billion euros (~$84 billion USD) in order to bring 300 electric vehicle models to market by 2030. Most of the investment 50 billion euros (~$60 billion) will be in battery production in order to support their electric car ambitions for the next decade. VW will, however, continue to develop diesel cars.
Mueller has been a proponent of EVs within Volkswagen ever since he took the helms of the company following the Dieselgate Scandal, but he faced some internal backlash from the leadership. A slide that leaked from a VW presentation about its upcoming electric vehicles showed that they have 4 new models coming under the VW brand within the next few years, but also several more under Audi, Porsche, and the automaker’s other brands.
Mueller has been a proponent of EVs within Volkswagen ever since he took the helms of the company following the Dieselgate Scandal, but he faced some internal backlash from the leadership. A slide that leaked from a VW presentation about its upcoming electric vehicles showed that they have 4 new models coming under the VW brand within the next few years, but also several more under Audi, Porsche, and the automaker’s other brands.