"In no particular order, the challenges the CEO of the Volkswagen Group is juggling right now include hitting reset on how it makes vehicle software, investing in new technologies like autonomous driving and electric and hybrid powertrains, fierce competition in China that's making inroads in Europe, increased tariffs in the United States, the end of the electric-vehicle tax credits in that country, and making sure its whole portfolio of car brands stays competitive globally."
""The automotive industry, and especially Volkswagen, have never faced so many headwinds at the same time," Blume told reporters today at IAA Munich, Europe's largest automotive expo. But he said the auto show is a sign of the Volkswagen Group's progress on several fronts, including the launch of a new family of compact and affordable EVs for Europe, like the Volkswagen ID. Cross and the upcoming ID. Polo."
"Don't expect a similar all-electric blitz for the U.S. anytime soon, however. "In the U.S., we still need a very flexible product [offering]," he said. "From our side, the development of electromobility has slowed down. By 2030, we are expecting around 20% pure-electric cars in the U.S., and the rest are [internal combustion] and hybrid models." That's a big drop from its original target of 55% electric sales by that year."
Volkswagen Group will tailor its electric and electrified vehicle strategy to the regional market. The U.S. market is expected to reach about 20% pure-electric car sales by 2030, a significant reduction from an earlier 55% target. Negotiations with the Trump administration over tariffs could influence future U.S. investments. Major challenges include overhauling vehicle software development, investing in autonomous driving and electrified powertrains, intensifying Chinese competition in Europe, increased U.S. tariffs, and the end of U.S. electric-vehicle tax credits. The group is launching compact, affordable EV models for Europe such as the ID. Cross and upcoming ID. Polo.
Read at InsideEVs
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