3 percent of Volkswagen’s global sales will be electric vehicles by 2018, says CEO

Article by Christian Andrei, on August 25, 2010

Volkswagen AG aims for its all-electric vehicles, which will be launched in 2013, to account for 3% of annual sales by 2018, according to CEO Martin Winterkorn. However, the share of e-vehicles in urban centers is expected to be a lot higher. The VW Group, which will be led by VW brand, targets sales of over 10 million cars across the brands by 2018.

In 2013, VW will launch a full-electric version of its Up minicar, the E-Up, the E-Golf and the E-Jetta.

But before the arrival of these all-electric vehicles, VW will launch hybrids such as the Jetta Hybrid in 2012. Winterkorn admitted that the main hurdle in mass-producing electric vehicles still is the battery's high cost.

Batteries currently cost between 500 euros and 1,000 euros ($647 and $1,294) per kilowatt hour. Winterkorn told reporters that batteries don´t only have to be smaller and lighter; more importantly, they must be cheaper.

VW's battery lab is currently being managed by Martin Eberhard, the co-founder and former CEO of electric car maker Tesla Motors Inc.

In particular, Eberhard is conducting research into packaging off-the-shelf lithium ion batteries (found in laptops) to be used in cars. Notably, Tesla uses similar technology.

Topics: vw, electric car, ceo

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nearly a decade after Opel and sister brand Vauxhall introduced the Insignia large family car, these companies are now getting ready to unveil the second generation of this offering from...
by - December 7, 2016
After we caught a glimpse of the revamped Amarok, VW Australia once again wants to give its ute a sinister look inspired by the Mad Max movie franchise. The “Korama”...
by - December 7, 2016
Customers in the European market are known for leaning towards style and with this in mind, Nissan has revealed the special LEAF Black Edition. While the production run of this...
by - December 7, 2016
When Volkswagen unveiled the VW Atlas, it declared that this SUV is being developed for the United States and is set to arrive as a 2018 model. It also unveiled...
by - December 7, 2016
Did you miss the opportunity to get a brand new Dodge Viper? Well, here’s something you don’t want to miss. Dodge has announced a “final call” for orders for its...
by - December 6, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries