Volkswagen Group of America commits $7.1 billion to North America, plans 25 EVs for U.S. by 2030

Volkswagen Group of America plans to spend a minimum of $7.1 billion in North America by 2027 to construct up its native EV manufacturing capability — together with building of a battery plant in addition to overhauls of its meeting vegetation in Puebla and Silao, Mexico — and bolster interim ICE-powered manufacturing as a part of a push to regionalize its EV and ICE product choices for the North American market.

The corporate goals to introduce greater than 25 new battery electrical autos by 2030 throughout the group’s manufacturers that promote within the U.S.: VW, Audi, Porsche, Bentley and Lamborghini. However extra importantly, it additionally plans to localize “all main design and engineering tasks” for top-hat improvement of EVs for North American shoppers by 2030 — a transfer that might, in idea, enable VW to provide a midsize EV pickup for U.S. shoppers, in addition to different merchandise.

“American ingenuity and manufacturing know-how are on the coronary heart of our technique for development, and 1000’s of women and men are working laborious every single day all through North America to deliver the Volkswagen model to life for shoppers,” Scott Keogh, CEO of Volkswagen Group of America, stated in a press release. Keogh deliberate to talk to the media in a video convention name starting at 11 a.m. EDT at this time. “This profound dedication to our localized capabilities will remodel Volkswagen into one of many main EV manufacturers identified for its dedication to innovation, high quality, and the communities we name dwelling.”

Keogh goals to push merchandise that will enable the VW model to seize 55 % of its annual gross sales as EVs by 2030. A lot of its future EV product lineup is already identified: the ID4 compact crossover, which will begin local production at VW’s Chattanooga Assembly complicated within the second half of 2022; the ID Buzz minivan, which can be imported from Europe starting in 2024; a long-range EV sedan, called the ID Aero, in 2025, and EV variations of the Atlas and Atlas Cross Sport starting in 2026.

VW will start phasing out its gross sales of ICE-powered autos in North America after the flip of the last decade, Keogh stated.