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13 September 2017, 12:42 | Ruben Fields
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By the end of next decade, VW vows to offer "at least one electrified version of each of the 300 or so group models", the firm said in a statement.
The company set a target of saving €4 billion (Dh17.53bn) by 2025 to help fund the cost of its electriccars.
However, following the scandal a strategic shift was prompted, while major steps forward in batteries and the global fight against pollution following the scandal have increased pressure on automakers to speed up the development of alternatives that are zero-emission.
Volkswagen Group CEO Matthias Mueller told assembled media at the Volkswagen Group preview night, ahead of the Frankfurt Motor Show, "We have got the message and we will deliver".
The company's so-called I.D. electric model has been created to compete with Tesla Inc.'s least expensive vehicle, the new Model 3 sedan, which is available with a price tag of $35,000.
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The move by VW mirrors the announcements from German rivals.
Similar to the original microbus, the revamped electric version will also be offered as a cargo van, VW says, aimed at a commercial market in various cities where emissions regulations are making internal combustion-engined vehicles more expensive to operate. Expect to see an EV in every segment-electric supercars from Lamborghini and EV superminis from Seat-as well as EVs for sale in every one of VW Group's markets around the world.
This latest automotive initiative is one of the biggest in the industry following the announcement of the ban on all combustion-powered cars in the United Kingdom by 2040. Müller also said VW plans to bring solid-state batteries with 600-mile (1000km) range to market by 2030.
To cover the needs of "roadmap E", VW has started a tendering process for the selection of partners in China, Europe and North America to provide battery cells and related technology worth more than €50 billion. Volkswagen estimates that it will need 150-gigawatt hours of battery capacity annually by 2025. He pledged they would be sold at price that meant "electric cars are no longer the toys for the few". "Although we have suffered financially in the past two years because of the diesel issue, we are positioned well enough in financial terms to be able to shoulder these investments without problems". That is because the Volkswagen brand is accelerating into this new era by developing a new generation of innovative electric vehicles - the I.D., I.D.
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