As part of its strategy ACCELERATE, Volkswagen spent around 2.7 billion euros on future technologies in 2020, a year marked by the COVID-19 pandemic. For Volkswagen, the future of mobility is obviously electric, and the manufacturer intends to sell more than 450,000 electrified vehicles in 2021, i.e. double compared to 2020.
Volkswagen will no longer develop a thermal engine
At present, Volkswagen already offers various hybrid models, but also 100% electric, with in particular its new range ID, led by the small ID.3 and the SUV ID.4. Two vehicles which will also benefit from an OTA update every three months from this summer. From this same period, customers will also be able to carry out the entire process of purchasing vehicles from the ID family. online, from configuration to signing the contract. A desire to accelerate digitization.
According to the manufacturer, 100% electric vehicles will represent more than 70% of vehicle sales in Europe from 2030. As a result, Volkswagen has also formalized its desire to no longer offer any new thermal engine. Indeed, faced with an increasingly strong electric offensive, and an increasingly restrictive EURO 7 standard, Volkswagen is not going to innovate in terms of heat engines, and will be satisfied for a few more years to adapt its existing units. to the new standards in force.
The manufacturer expects a sharp increase in deliveries during the year and also aims for a significant improvement in turnover compared to 2020. The operating margin is expected to be between 3% and 4% in 2021. “Despite the setbacks related to the coronavirus pandemic, we will continue to work towards achieving our target of 6% margin in 2023“, Adds Alexander Seitz.
Remember that many manufacturers have already formalized their desire to abandon the thermal in favor of electric engines in the short or medium term, with Jaguar in particular, or Volvo.