Volkswagen wants to quickly increase the production of electric cars



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Volkswagen plans to rapidly increase its production of electric cars in an attempt to transform itself from an anti-pollution system into a leader in the public transport market.

The company will build 22 million electric cars by 2028, said Herbert Diess, managing director of Volkswagen, on Tuesday at a press conference at the company's headquarters in Wolfsburg, Germany. The company, which currently sells only a small number of electric cars, has set a new target well above the 15 million mark previously planned.

Volkswagen's move is another sign of how quickly the auto industry is evolving and how automakers are assessing what future car buyers want.

But the company is also taking a major risk by making such an important commitment to electric cars. Sales of these vehicles are increasing rapidly, but still represent only a small share of the new car market and the number of buyers who want it remains to be determined.

Volkswagen brand electric cars will not appear until 2020 and the company has promised that battery-powered models would be close to the price of a Golf, ie under $ 30,000. This type of pricing would correspond to the company's heritage as a ladybug producer, which made car ownership affordable for millions of people in the decades following the Second World War.

As part of its new campaign, Volkswagen is refitting a plant in Zwickau, Germany, and is expanding a plant in Chattanooga, Tennessee, to produce electric cars.

Volkswagen is responding in part to government pressure at home and abroad. China, Volkswagen's largest market, has set quotas for electric cars to be respected by automakers. In Europe, car manufacturers are struggling to comply with the more stringent pollution rules for gasoline and diesel powered vehicles. These standards make electric vehicles more attractive because they do not emit any emissions.

The European rules on emissions have also become stricter after it was discovered in 2015 that Volkswagen had rigged its diesel vehicles in order to cheat the emissions tests.

Volkswagen had more difficulties than other automakers to cope with the more stringent control procedures that came into force last year, which resulted in significant delays in the delivery of its latest models.

"Our complex portfolio meant we were more seriously affected than our competitors," said Diess.

Delays and lower sales in China have reduced Volkswagen sales Net income, which dropped 30% in the fourth quarter, came in at 2.8 billion euros, or $ 3.1 billion, the company said Tuesday.

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