Volkswagen is to invest a further £2 billion ( $ 40bn ) to speed development of electric vehicles ( e ) , self - driving cars and other mobility technologies by the end of 2022 . “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. The investment is part of the German carmaker 's attempt to become the world leader in electric mobility by 2025 , said CEO Thomas Müller . Prior to a 2015 emissions audit , VW had been slow to embrace electric and autonomous vehicle technologies . But now it has one of the most ambitious targets in the industry – aiming to develop an electric version of each of the group 's 300 models by 2030 .
Volkswagen is to invest a further £2 billion ( $ 40bn ) to speed development of electric vehicles ( e ) , self - driving cars and other mobility technologies by the end of 2022 . The investment is part of the German carmaker 's attempt to become the world leader in electric mobility by 2025 , said CEO Thomas Müller . Prior to a 2015 emissions audit , VW had been slow to embrace electric and autonomous vehicle technologies . But now it has one of the most ambitious targets in the industry – aiming to develop an electric version of each of the group 's 300 models by 2030 .