Volkswagen has raised its electric car production target, bringing forward its goal of producing one million fully electric cars by two years to 2023.
Production of the Volkswagen ID.3 began at its Zwickau plant in November and the car will be released in Europe in the summer. Over 37,000 pre-orders have been received so far.
Volkswagen has pledged a €33 million ($37 million) investment in e-mobility by 2024 throughout the Group, with one-third of that under the Volkswagen brand.
Its initial target of producing one million electric cars by 2025 is now set to be reached at the end of 2023, and the brand’s refocused goal now projects 1.5 million electric cars by 2025.
The Zwickau plant has been fully converted for producing electric vehicles and is set to become the largest EV factory in Europe, building up to 330,000 cars each year from 2021.
Volkswagen will also build cars in the electric ID. range in China and the U.S.
The MEB platform, on which the ID.3, Audi Q4 e-tron and SEAT el-Born are based, will be available for other manufacturers outside of the Volkswagen Group, and Ford is set to use it for its own electric car for the European market in 2023.
“2020 will be a key year for the transformation of Volkswagen,” commented Thomas Ulbrich, member of the Volkswagen brand board of management for E-Mobility (pictured above, second from right).
“With the market launch of the ID.3 and other attractive models in the ID. family, our electric offensive will also become visible on the roads.
“Our new overall plan for 1.5 electric cars in 2025 shows that people want climate-friendly individual mobility – and we are making it affordable for millions of people.”
In December, Volkswagen delivered its 250,000th electrified car since the introduction of the e-up! in 2013. This milestone includes both battery electric and plug-in hybrid cars, with around a 50-50 split between the two designs.
Its best-selling electrified car so far is the fully electric e-Golf with 104,000 units delivered, while 51,000 hybrid Golf GTEs have been sold.