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VW Pushes Hard For Electric Mobility While The Core Brand Slumps

Volkswagen announced on Tuesday the launch of 70 new electric models by 2028, which accelerated the deployment of cars with zero emission. The benefits show that the leading brand’s operating margin was influenced by the new emissions tests.

VW’s mark-up, the most important brand, fell last year from 4.2% to 3.8% due to increased investments in electric cars and the difficulty in certifying combustion vehicles, VW said.

Volkswagen released its full results on Tuesday, after the results were released in February, and announced that the group’s operating income in 2018 was €13.92 billion, or 0.7% more than the previous year and less than €14.53 billion.

The Volkswagen group has set an objective in all segments to be accomplished in the coming years on the road to absolute decarbonization by 2050. The procedures chase three main principles, first, a sustainable and effective reduction of CO2 emissions; second, move to renewable energy sources for power; third, offset the remaining emissions that cannot be avoided. To perk up the CO2 balance of vehicles all through their life cycle, as an instance, Volkswagen has already embarked, starting with the supply chain. A detailed route map is being developed.

The target for 2025 is to reduce the CO2 footprint of the fleet by 30% throughout the life cycle compared to 2015. Therefore, Volkswagen is electrifying its vehicle portfolio; however investment in this area is over 30 billion, at least 40% by 2030.

The first new generation electric vehicles will go into production this year; the Audi e-tron1, followed by the Porsche Taycan. Reservations for each of these models are already a total of 20,000 units. And the electric vehicles will be integrated into the mainstream with the emergence of Volkswagen ID. The other models of this first wave will be the ID. Crozz, Skoda Vision E, Seat el-born, ID. Vizzion, and ID. Buzz.

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Katie Brown

Apart from being a nature lover, Katie Brown has great writing skills with an experience of 5 years in this domain and working with our organization for 2 years now. She deals with writing news reports and articles of the technology world, which comprises latest & forthcoming events, releases, launches, updates, new devices, gadgets, and much more in a stirring and enlightening manner. Katie, in free times, tries to be a part of cleanliness and awareness initiatives and drives.

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