SHOPSMART AUTOS – CUSTOMER INFORMATION – JULY 18, 2021 (PT.8)
HERE ARE ALL OF THE PROMISES THAT EV VEHICLES WILL DO FOR YOUNew BEVs on the horizon?
Not yet. In the wake of its diesel emissions scandal—dubbed “dieselgate” by many observers—Volkswagen committed itself to becoming an EV-focused auto manufacturer. Volkswagen Group includes Audi, Bentley, Bugatti, Lamborghini, Porsche, and Volkswagen under its umbrella. The corporation says it will launch 70 pure electric vehicles and 60 hybrids by the end of the decade, some of which are already in production. VW’s most recent addition is the Volkswagen ID.4, a small electric SUV aimed at mass market consumers. Audi already had an E-Tron model in production, and recently introduced its stunning electric flagship, the E-Tron GT, which is built on the same platform as the equally fetching Porsche Taycan EV. Even Bentley will get in on the EV revolution, and its CEO says all Bentleys will be plug-ins—either hybrid or pure electric—by 2026, and all Bentleys will be electric-only by the end of the decade. The Lamborghini component has been more coy about potential electrification plans, although the TerzoMillennio concept unveiled in 2017 invites speculation into the company’s plans. While some auto manufacturers have been vague about the timing of electric vehicles, Volvo has been straightforward about its plan to build only pure electric vehicles by the end of the decade. Zhejiang Geely Holding Group—the Chinese company that also owns Lotus—has owned Volvo since 2010. Volvo already has one electric model out—the XC40 Recharge—and Polestar, which was once Volvo’s performance sub-brand, is slated to be all-electric soon. General Motors has pledged to stop making gasoline-powered passenger cars, vans and sport utility vehicles by 2035, marking a historic turning point for the iconic American carmaker and promising a future of new electric vehicles for American motorists.
GM chief executive Mary Barra, who antagonized many climate experts by embracing President Donald Trump’s relaxation of fuel efficiency targets, said Thursday the company now wants to lead the way to a greener future.
GM has said it would invest $27 billion in electric vehicles and associated products between 2020 and 2025, outstripping its spending on conventional gasoline and diesel vehicles. That figure includes refurbishing factories and investing in battery production in conjunction with LG Chem, a South Korean battery maker.
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