Volkswagen Shifts EV Strategy into High Gear with Battery Factories and Charging Stations

By Jesse Sokolow on 16 March 2021
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As part of its “Power Day” showcase on electric vehicle technology, Volkswagen announced major advancements in and plans for making EVs as convenient as petrol-powered vehicles.

“Our transformation will be bigger than anything the industry has seen in the past century,” said Herbert Diess, the automaker’s CEO, during a two-hour presentation.

Volkswagen said it is developing new battery charging technology that will slash the charging time to ten to 12 minutes, and that it would cut the cost of batteries by up to 50% by the end of the current decade.  The two actions would put EV pricing on par with internal combustion-engine vehicles and make filling them just as convenient.

In addition, the Wolfsburg-based automaker said it would build six battery factories on the Continent in partnership with its suppliers. 

Finally, VW said it would work with energy companies including BP to install and operate 18,000 charging stations in Europe.

(Photo: Accura Media Group)