VW, Toyota announce major commitments to electrification
The VW Group says it will invest €89 billion (£76bn) in the next four years as part of a drive for a quarter of all its sales to be battery-electric by the end of 2026. Meanwhile Toyota and Lexus plan to introduce 30 battery EVs by 2030.
VW also announced plans to electrify more of its European factories, with production focusing on its facilities at Wolfsburg and Hanover in Germany.
VW says it will retool a production line at Wolfsburg to start producing the Volkswagen ID 3 from 2023. It is already planning a second EV manufacturing facility to open at the factory from 2030.
Meanwhile, Toyota has announced that it (and sister brand, Lexus) will launch a total of 30 battery EVs by 2030. Toyota and Lexus aim to sell 3.5 million battery-electric cars by 2030, including battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs), increasing the previous target of two million.
Toyota's President Akio Toyoda says that Toyota and Lexus will achieve carbon neutrality by 2035.
Earlier this year Daimler, with its Mercedes-Benz and Daimler divisions set an ambition to be CO2-neutral by 2039 (link)
Photo courtesy: unsplash.com/@myenergi
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