Volkswagen Will Start Making Electric Cars In North America In 2021

Posted: Nov 22 2016, 10:02am CST | by , in News | Cars & Vehicles

 

Volkswagen Will Start Making Electric Cars in North America in 2021
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  • Volkswagen to Start Making EVs in North America from 2021
 

The company will start mass production of EVs in North American region in a few years to come.

Volkswagen has started paying most of the attention in order to make EVs in the coming years. This will help them come out of the emission scandal totally and they no longer will have to worry about the emission numbers of their cars. 

According to the recent official news by Volkswagen, it’s confirmed that the company will start mass production of electric vehicles by the year 2021. This formulation is the plan of Volkswagen to stand back on its feet in the worldwide automotive market.

Along with that Volkswagen is also following the plan to sell at least 1 million electric vehicles by the year 2025. This is the reason that they need to start a set of making these soon as well.

The company’s management is seeking to expand the horizon and to earn almost 6 percent more profit through the EVs, according to AutomotiveNews.

Volkswagen’s this step to focus on the EVs will lead on to cut the pricing of making the conventional cars by 2.5 billion euros which is roughly equal to $2.7 billion. This will also boost up the profits for company after they have been heavily fined for the law suit against them in diesel scandal. 

This announcement also led to the 30,000 job cuts by the company as the production is moving away from the conventional vehicles. This cut down on workers will also make a huge savings of 3.7 billion Euros which is supposed to balance out the damages caused by the fine in emission scandal. 

The company will focus on making SUVs of large size in the North American factory of Volkswagen. VW’s productivity is almost 30 percent lower to other competitive brands like that of Toyota.  

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