Volkswagen Group to spend >$40B over next 5 years to develop electric mobility, autonomous driving, new mobility services and digitalization
Green Car Congress
NOVEMBER 17, 2017
The Volkswagen Group will spend more than €34 billion (US$40 billion) by the end of 2022 on the development of electric mobility, autonomous driving, new mobility services and digitalization. Most of this investment will go into the electrification and hybridization of all Group models. This marks another move to advance the Roadmap E electrification offensive which was announced in September; the goal is to electrify the entire model portfolio by 2030. Earlier post.). We are reinventing the car.