Volkswagen is expanding its electric plans after the car manufacturer announced that it was investing $20.38 billion to build the Volkswagen electric vehicle (EV) batteries. This investment comes with opportunities since it opens up more jobs for people. In addition, The Verge says they will open 20,000 more jobs following this investment.
Herbert Diess, Volkswagen CEO, says that this will cement Volkswagen as a “leading provider of the sustainable, software-driven mobility of tomorrow.”
This new EV venture will be under Power Co, the new company they created for building their Volkswagen EV batteries. What are the expected plans for the new company?
New tech research and development
Raw material mining
End-of-life recycling
Volkswagen Electric Car
Volkswagen is no stranger to electric cars. After all, they have a current electric vehicle lineup that could rival Tesla. Their top-of-the-line car in the U.S. is The ID.4.
Here are the specs of The ID.4:
EPA Estimated Range: 275 miles
All-wheel-drive
It comes with a Level 1 charger, but owners can charge it with the Electrify Home Level 2 Charger (sold separately)
Don’t worry about driving on the road since there are over 45,000 public charging stations when your car needs a charge
Intuitive driving
Interactive navigation on a 12” screen
Connect to your favorite streaming apps like Pandora and SiriusXM
Charge your phone wirelessly in the car
Driver assistance technology
What are the other vehicles in the EV lineup?
ID.3
ID.5
ID.6
ID.Buzz
These vehicles are available in Europe and China.
Future Plans for Volkswagen Electric Cars
What else does Volkswagen have planned for the future?
Gigafactories
Volkswagen announced in 2021 that they plan on opening EV battery cell production plants in Europe. Their current facilities in Salzgitter and Skelleftea would be home to their electric battery cell production. There would be other plants in Valencia, Spain and another location in Eastern Europe. They might consider building gigafactories in the U.S.
Charging Stations
Volkswagen sold 99,000 electric vehicles in the first quarter of 2022. With that number in mind, Volkswagen planned in 2021 that it wanted to increase the number of its public charging stations in Europe by 2025. They partnered with companies like BP, Iberdrola, and Enel to increase the numbers for the continent.
With these partnerships, BP can help set up around 8,000 charging stations in the UK and Germany. Meanwhile, with Iberdrola, they plan on adding charging stations in Spain, while Enel will cover Italy.
Not only do they want to expand in Europe, but in Asia and America as well. They plan to have 8,000 stations in China and have 800 back in 2021 with Electrify America in the U.S.
ID.Aero
Volkswagen announced on June 27, 2022, that their ID.Aero vehicle, a sedan, will become available for sale in 2023. It will be on sale in China next year, and the European version will be available the same year. This is the first electric sedan from the brand.
The ID.Aero follows the same design and technology as in the ID. family. Plus, the ID.Aero can be used for long-distance driving too.
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