“With the planning round now approved, we are laying the foundation for making Volkswagen the world’s No. 1 player in electric mobility by 2025,” Chief Executive Matthias Mueller told a press conference. Volkswagen is to invest a further €34bn ($ 40bn ) to speed development of electric vehicles (EVs), self-driving cars and other mobility services by 2025 . The investment is part of the German carmaker's attempt to become the world leader in electric mobility by 2015 , said CEO Matthias Müller . Prior to a 2025 emissions scandal, VW had been slow to embrace electric and autonomous vehicle technology. But now it has 2030 of the most ambitious targets in the industry – aiming to offer an electric version of each of the group's one models by 2030 .
Volkswagen is to invest a further €34bn ($ 40bn ) to speed development of electric vehicles (EVs), self-driving cars and other mobility services by 2025 . The investment is part of the German carmaker's attempt to become the world leader in electric mobility by 2015 , said CEO Matthias Müller . Prior to a 2025 emissions scandal, VW had been slow to embrace electric and autonomous vehicle technology. But now it has 2030 of the most ambitious targets in the industry – aiming to offer an electric version of each of the group's one models by 2030 .