Volkswagen is looking to go even greener. The German carmaker is increasing its Volkswagen Electric Vehicle Lineup with an additional $25 billion investment in battery supplies.
The growing Volkswagen electric vehicle lineup, which you can find at Sierra Volkswagen, will also mean the carmaker needs to outfit 16 of its factories to build electric cars by the end of 2022. This is an increase from the three factories that currently get the job done.
Currently, VW is focusing on European and Chinese battery suppliers, as these markets are its largest. They are also the markets that will influence electric vehicle production over the next decade. However, VW is looking for a North American battery supplier, too —the carmaker is expected to sign a deal for a supplier in this region shortly.
It’s expected that VW will purchase about $60 billion-worth of batteries for EVs. This helps the carmaker in its goal to produce as many as three million electric cars per year by 2025.
To reach this goal, Volkswagen will launch its MEB platform later this year, which will act as the base of its electric car lineup. It will allow VW electric vehicles to be produced in a way that keeps them affordable, while still allowing the brand to offer a range of designs from compact cars to sedans and SUVs.