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Volkswagen Promises Electric Versions Of All Its Cars By 2030

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Volkswagen announced that it will spend over $24 billion to make electric versions of all of its models by 2030, as the world's largest automaker expects the new investment will help it come out of the diesel scandal.

Volkswagen will provide either hybrid or electric versions of every one of its 300 models by 2030. Daimler's Mercedes-Benz had also announced it was going to do the same by 2022.

By 2025, Volkswagen plans to offer 80 new electric vehicles across its group and sub-brands, which include Audi, Bentley, Bugatti and the Volkswagen brand itself.

"We have got the message and we will deliver. The transformation in our industry is unstoppable. And we will lead that transformation," CEO Matthias Mueller said.

by RTT Staff Writer

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