What The Volkswagen CEO JUST ANNOUNCED Shocked The Entire Electric Car Industry | Changes Everything
As more and more manufacturers make efforts to position themselves for what looks to be the second phase of growth in the automotive industry. The market for electric vehicles has begun to enter a period that promises to be both eventful and exciting.. Electric cars first introduced to the public in the early 1900s gained popularity quickly, because drivers found them less stressful and more convenient to operate than the eras gas powered. Vehicles., However, they were quickly made obsolete by more modern, higher quality gas powered autos capable of traveling further without needing to refuel.. During the year 2017, several nations expressed an interest in moving away from the use of vehicles that run on gasoline.. In any event, the field of electric cars has significantly altered the face of the globe in recent years.. Today, European automakers are under intense pressure to increase their sales of electric vehicles or risk incurring astronomical fines for violating stricter emissions regulations designed to combat climate change.. Hey everyone: This is Tech. Revolution. Join me as we take a closer look at how Volkswagen plans to take over the EV Battery and Car Industries Before we get to it, make sure to smash the LIKE button and lets dive in. According to a statement released by the German automaker Volkswagen on Tuesday, the company anticipates that by the year 2030 battery electric cars will account for half of their sales.. The firm has said that by 2040, practically all its newly produced vehicles for sale in key markets shall be emission free automobiles.
. These goals are a subset of Volkswagens, overarching purpose to become carbon neutral by the year 2050.. The company said that, in addition to concentrating on converting its vehicles from ones powered by internal combustion engines to ones powered by batteries, it would also work on creating software to increase. Earnings.. Volkswagen also made the announcement that it was building three software platforms.. Their goal is to produce one software platform by 2025 that can be utilized throughout the Volkswagen Groups. Automobile lineup., The creators of the technology said that software may become an essential source of revenue for the automotive industry by the year 2030.. They anticipate that as many as 40 million vehicles will use the Groups software platforms over the next ten years.. The software business CARIAD owned by Volkswagen is in the process of building software platforms that will provide a variety of capabilities.. They can give steering controls to the vehicle itself and a unified information and entertainment system.. Vw IS GETTING INTO THE BUSINESS OF MAKING EV BATTERIES Still supply chains are a mess, and the global economic recession is wreaking havoc on the prices of EV battery components.. Many forward. Thinking automakers are rushing to get supplies of valuable metals like cobalt, lithium and nickel, which are used to make EV batteries and the tools to make them themselves.. Volkswagen has announced that it would invest 20.38 billion in producing batteries for electric vehicles.. The business estimates that this step will create 20000 new employment and 20.
38 billion in yearly sales. As Volkswagen hurries to acquire enough capacity, materials and supplies to power its electric vehicle goals. The manufacturer plans to establish a new firm known as Power Co. to manage the massive operation. Power. Co. will manage the entirety of Volkswagens battery supply chain from the first stages of researching and developing new technologies. Through the last stages of recycling used batteries., The announcement was made during a ceremony to lay the foundation for the companys first battery facility in Salzgitter, a city in Lower Saxony in Germany. Herbert Diess. The CEO of Volkswagen was quoted as saying that the battery cell business is one of the pillars of our New Auto strategy, which would make Volkswagen a leading provider of the future environmentally friendly and software driven mobility.. The construction of our cell plant is a mammoth undertaking regarding logistics and finances.. It demonstrates that we are delivering Germany cutting edge technologies that will be used in the future. Volkswagen revealed its intention to construct six battery cell production factories in Europe by 2030.. Two sites will be in Salzgitter, Germany and Skelleftea Sweden.. The third and fourth factories will be located in Europe. The third will be in Valencia, Spain, while the fourth will be in Eastern Europe.. Additionally, the corporation is looking into constructing new gigafactories in North America.. In the end, the plants will be capable of producing 240 gigawatt hours of electricity every year.. When the Salzgitter plant opens in 2025, it will be able to produce 40 GWh per year, which is enough to power about 500000 electric vehicles.
. This will create 5000 new jobs. When the other European factories open Daniela, Cavallo Chairwoman of the General and Group Works Council of Volkswagen AG said that about 20000 jobs will need to be filled.. Volkswagen intends to begin rolling out a new unified, prismatic cell design for its batteries, starting in 2023.. This design will be fitted across all of the automakers brands.. It is hoped that by the year 2030, this unified cell design will be used to power up to 80 percent of VWs electric vehicles.. Additionally, VW has business relationships with Samsung and CATL, and two other significant battery manufacturers. QuantumScape, a startup with headquarters in San Jose. California is currently striving to develop solid state batteries that are more energy efficient.. This firm has received funding from the company.. Volkswagen is not the only carmaker that recognizes the importance of vertical integration in developing electric vehicles. Evs. Ford is constructing three new battery installations, which the company estimates will have a combined output capacity of 129 gigawatt hours per year., Together with LG Chem General Motors plans to build four new battery plants in the United States, which total 140 gigawatt hours per year.. Stellantis is now constructing a battery facility in Indiana, at the cost of 2.5 billion, and both Hyundai and Toyota have indicated their intentions to produce cells. In the United States., THE INDIAN MARKET, Volkswagen AG wants to sell a small number of its first electric car, the ID.4 sports utility vehicle in India next year.
. This is because India wants cleaner cars on the road. More quickly. Ashish Gupta brand director at Volkswagens passenger cars division in India said that the German automaker will begin testing the ID.4 around September.. This is to determine its technical capabilities and whether any adjustments are necessary for the local weather conditions. According to what he stated after the testing is complete the corporation plans to import a restricted quantity of the electric automobile, the next year.. According to Gupta, Volkswagen will bring its worldwide electric portfolio into the nation within that restriction to test the market.. This is possible since the Indian government permits manufacturers to import just 2500 cars without homologation., Although it would be ideal to bring in all 2500 units. He added that there is a growing concern about the availability of automobiles worldwide due to tightening supply chain limitations.. According to Gupta, Volkswagen is anticipating, it will begin local manufacture of its electric vehicles in India around 2025 or 2027.. According to him, when that time comes, the automaker would contemplate producing its own batteries, the most expensive component of an electric vehicle locally in India.. So after its first battery facility in Germany, do you think theyll be able to fund and build another one in India? How soon do you think Volkswagen can fully electrify its fleet Share your thoughts in the comment section below and lets discuss And thats it for this video Thanks for watching till the end Before you exit this video make sure to LIKE AND SUBSCRIBE and click the NOTIFICATION Bell to trigger YouTubes algorithm and see more of our videos on your homepage.