VW ID Crozz updated in Frankfurt - part of EV thrust

Volkswagen (VW) said it was seeking new global supplier contracts to source 50 billion euros of electric vehicle content including batteries, which are not yet manufactured competitively in Europe.

The German auto maker recently said that it will release electric versions of all of its models by 2030, and that it plans to release 80 new electric vehicles by 2025. "It is a strong self-commitment which, from today, becomes the yardstick by which we measure our performance", said Matthias Müller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, at the Group Media Night ahead of the International Motor Show (IAA) in Frankfurt, Germany.

BMW AG is showing off the four-door i Vision Dynamics electric concept vehicle to join its i3 and i8 electric models.

"Currently, Tesla burns a 3 digit million amount and we've got results of 12 to 13 billion euros per year, so I think we have to be realistic here", he said.

This concept marks the first all-electric vehicle wearing the Skoda badge, and with the Volkswagen Group deeply invested in its electric efforts, it should be the first one to hit the roads as well.

Prior to the scandal, German automakers were hesitant about electric cars because of the high costs and limited range. VW claims a range of over 500km and Volkswagen says it intends to limit the production version's top speed to 180kph.

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VW will not be dropping combustion engines entirely yet as the infrastructure for electric vehicles is now not in place, Mueller told the BBC.

By 2025, Volkswagen expects to be marketing 23 all-electric models.

The world is shifting toward electric vehicles, but it's proving to be a gradual process.

Before the major scandal that erupted two years ago because lowering Volkswagen indicators of harmful emissions, the automaker took nearly no notice of the market development of electric vehicles and unmanned vehicles. The namesake brand is presenting the latest design iteration of the fully-electric I.D. Crozz compact crossover and the I.D. Neo hatchback-both come to market in 2020.

The I.D. vehicle that will be revealed will most probably be a large saloon auto that will be revealed at the 2018 Geneva Motorshow. BMW now sells the i3 and the i8 but at the show it revealed plans for more electric cars, a bigger range as well as a handful of new ideas.


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