EV revolution Volkswagen (OTCPK: VWAGY) will launch 70 new electric models by 2028 and plans to ramp up its production of electric vehicles to 22M over

EV revolution Volkswagen will launch 70 new electric models by 2028

Technology News

EV revolution Volkswagen (OTCPK: VWAGY) will launch 70 new electric models by 2028 and plans to ramp up its production of electric vehicles to 22M over the next decade.

The company previously said it would aim for 15M, an ambitious target considering it made fewer than 50K battery-only vehicles last year. It also disclosed that operating profit at its core VW brand fell to €3.2B from €3.3B in 2018 as it faced bottlenecks certifying cars under new emissions tests.

Dr Herbert Diess, the chief executive of Volkswagen AG, said: “Volkswagen is taking on responsibility with regard to the key trends of the future – particularly in connection with climate protection.
“The targets of the Paris Agreement are our yardstick. We will be systematically aligning production and other stages in the value chain to CO2 neutrality in the coming years.

“That is how we will be making our contribution towards limiting global warming.”

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