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Volkswagen vows to build 22 million e-cars over next decade

2 years 4 months 3 weeks ago Tuesday, March 12 2019 Mar 12, 2019 March 12, 2019 5:09 AM March 12, 2019 in News
Source: Associated Press

FRANKFURT, Germany (AP) - German automaker Volkswagen is saying it plans to ramp up its production of electric vehicles over the next ten years to 22 million and reduce its carbon footprint over vehicle life cycles by 30 percent.

Previously the company said it would aim for 15 million. That's ambitious considering it made fewer than 50,000 battery-only vehicles last year.

The company is pivoting to electric vehicles as it seeks to comply with new limits on carbon dioxide emissions in Europe and a push by China for more low-emission vehicles. The company also disclosed Tuesday that operating profit at its core Volkswagen brand, one of 12, fell to 3.2 billion euros from 3.3 billion last year as the company faced bottlenecks certifying vehicles under new emissions tests.

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