Volkswagen plans to ramp up its offerings of electric vehicles as it fights to bounce back from a scandal over diesel cars rigged to cheat on emissions tests.
The electric campaign is part of a wide-ranging review of the company’s strategy that also includes increasing profitability, investing in new ways of getting around that don’t necessarily involve owning a car and making the company’s management more open and trustworthy.
CEO Matthias Mueller said Thursday the company plans to introduce more than 30 electric-powered vehicles by 2025 and to sell 2 to 3 million of them a year. To support that ambitious plan, the company wants to increase its in-house expertise in battery technology. Improving battery range is expected to be a key factor in getting more people to buy electric cars.