Published: Fri, December 07, 2018
Economy | By

Volkswagen Group will not launch petrol, diesel powered cars from 2026

Volkswagen Group will not launch petrol, diesel powered cars from 2026

At Volkswagen Group, the next generation of flexible component sets will be the last engineered for internal combustion engines.

While this means the German manufacturer won't create new combustion engines, it does not mark the end of production.

Speaking at an industry conference near VAG's headquarters in Wolfsburg, VW's strategy chief Michael Jost, revealed his "colleagues are working on the last platform for vehicles that aren't Carbon dioxide neutral".

VW brand aims to invest more than 11 billion euros ($12.5 billion) in e-mobility, digitalization, autonomous driving and mobility services by 2023, including 9 billion euros for electric cars as it increases the number of battery-powered models to 20 by 2025 from two now.

Jost added Volkswagen was committed to taking "radical steps" to help halt global warming and would continue to adapt its petrol- and diesel-engined vehicles (likely through the use of hybrid systems) to meet ever-tightening environmental regulations.

The gradual exit of combustion engines marks a sea change for Volkswagen, which became the poster child of auto pollution after it admitted to cheating on emissions tests in a scandal involving 11 million vehicles worldwide. "Yes, we have a clear responsibility here", Jost said.

That would be an increase from the five on sale in the United Kingdom today.

The world's largest automaker has started to introduce its first wave of electric cars, including next year's Porsche Taycan.

Volkswagen has also confirmed that it will streamline its model range and increase vehicle costs to improve profitability.

This is part of VW's "pact for the future" objective, which aims to reduce costs by three billion euros by the year 2020.

Like this: