The current range of internal combustion engine cars being developed by Volkswagen AG brands will be the last ever, VW chief strategist Michael Jost said this week. Effectively, the group's last conventionally powered auto will role out by the mid 2030s. These steps are being taken to meet the emission targets set for 2050 in the 2015 Paris Climate deal.
"Our colleagues are working on the last platform for vehicles that aren't Carbon dioxide neutral", Michael Jost, strategy chief for Volkswagen's namesake brand, said Tuesday at an industry conference near the company's headquarters in Wolfsburg, Germany.
VW will also make electric cars in the U.S.in the medium term, although no decision has been made about the production site, the automaker said at a press conference at its headquarters in Wolfsburg, Germany.
Volkswagen's core brand aims to raise its profit margin faster than previously planned despite rising investments in the development of electric vehicles, the carmaker said on Thursday. VW expects to be nearly entirely electric by 2050, with the company only producing a very small number of gas and diesel vehicles for regions where electric infrastructure is lacking.
The company has already showcased a number of concepts via its I.D. all-electric sub-brand even as Porsche readies its Model S challenging Porsche Taycan. Audi too is developing a full family of e-tron EVs.
It's a significant but not unexpected announcement from the German company, which has been at the centre of the Dieselgate scandal since 2015, when it was issued a violation notice by the United States environmental protection agency which alleged that emissions controls for its diesel engines had been intentionally deactivated.