Volkswagen confirmed that they will discontinue its IC-engine models in Europe between 2033 and 2035, while the USA and Chinese markets will follow at a slight later stage.
Volkswagen has announced that the company will discontinue the sales of petrol and diesel-powered vehicles in Europe, between 2033 and 2035. According to a media report, the company will offer a 100% EV product line-up in the European market, from 2035 onwards.
Klaus Zellmer, Board Member, Sales & Marketing, Volkswagen confirmed that the company will discontinue its combustion engine models in Europe between 2033 and 2035, while the USA and Chinese markets will follow later.
Volkswagen aims to have up to 70% of its total European car sales coming from its battery-electric vehicles by 2030 – 10% more than prescribed by the European Commission.
The company is also looking at employing different strategies, based on market requirements. Volkswagen could adopt different buying methods to further boost electric vehicle sales as well. One such method is via the introduction of subscription services, which the company will be offering on the ID.3. Volkswagen hopes that non-traditional buying methods will account for 20% of sales by 2030.
Having said that, Zellmer also mentioned that the company is still committed to continuing its development of internal combustion engines, which still have a high demand.
Source: Read Full Article