14 September, 2017
The declared aim is for everyone of VW's roughly 300 models to be globally available in an electric version by that date.
The news comes as Mercedes-Benz also promised electric versions of its entire range, with chief Dieter Zetsche declaring the company would deliver either electric or hybrid versions of all its models by 2022.
The VW Group brands will continue to develop electrified hybrid versions of conventional engines, rather than simply pursue all-electric technology Muller said: "The fact is we still need modern internal combustion engines as a bridge". "The transformation in our industry is unstoppable. And we will lead that transformation", CEO Matthias Mueller said.
Volkswagen says the four-door high-riding coupe will ride on an all-electric 4MOTION all-wheel drive system that is equally at home in a city environment as it is on unpaved trails and will have similar handling properties as the Golf GTI. To make it sustainable, clean and better for our customers worldwide. Mueller on Monday said that diesel remains a key part of the company's strategy.
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China, the world's largest auto market, announced this week that it intends to ban the production and sale of vehicles powered only by fossil fuels. And only then will electric cars come out of the niche - and achieve relevant market share in years to come.
VW, Daimler and BMW AG are accelerating electric-vehicle plans to react to slumping sales of diesel models amid the fallout from VW's cheating scandal. Automakers are also searching for ways to adapt to a future in which people find ways of getting from one place to another without necessarily owning a auto, such as car-sharing or ride-hailing through smartphone apps.
Its electric powertrain will produce 225 kW and capable of a top speed of 180 km/h with a battery range nudging 500kms on one charge.
$24 billion is being invested in new vehicle platforms, upgrading infrastructure and the training of staff.
Volkswagen said its new investments would set the scene for "e-mobility's final breakthrough".