September 17, 2018—Volkswagen has announced a major push to manufacture millions of reasonably-priced, all-electric cars, reported Fortune.
The German auto giant has previously shown off a variety of “ID” concept cars based on a platform it calls the modular electric drive matrix, or MEB. On Monday, VW reiterated its aim to get them into production by the end of 2019—and said 27 MEB models would be in production worldwide by the end of 2022, according to the report.
Overall, VW said it predicted sales of “10 million electric vehicles across the Group based on the MEB.” And that’s just in the first wave of models, which will include compact cars and SUVs under the Volkswagen brand, as well as offerings from Audi and Skoda, a spokesman confirmed.
According to Fortune, the electrification of VW is key to its recovery as a brand. The company stresses that its MEB platform is “not a platform for vehicles with combustion engines that has been retroactively modified,” but is rather designed from the ground up for an all-electric future.
