The VW group has revealed an investment of 34 billion euros for the advancement of electric cars, autonomous driving innovation as well as mobility services as much as 2022.
The majority of that investment will be put towards new electric as well as hybrid vehicles, the business has said. By 2030 the VW group declares that its entire product portfolio will be electrified; one in four of the company’s designs will be devoted electric vehicles. 
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“We are reinventing the car,” stated Matthias Müller, CEO of the VW Group. “We are, however, doing so without sidelining existing technologies as well as vehicle projects, since this is exactly how we will make our money for the foreseeable future.” 
VW’s Zwickau plant in Germany will be adapted to be the devoted site for production of Volkswagen’s electric vehicles based on the new MEB platform. A production version of the I.D hatch idea will be very first to show up in 2019; it will be complied with by an all-electric SUV based on the I.D Crozz idea in 2020.
The third verified vehicle based on the MEB platform is the I.D Buzz. The contemporary day Microbus is arranged for production in 2022 as well as should have an electric variety of 310 miles. 
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