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Volkswagen boosts electric vehicle production by 50% with 22 million BEVs by 2029
by Paul A. Eisenstein

CNBC    Translate This Article
13 March 2019

On 13 March 2019 CNBC reported: Likening his company to a 'supertanker...picking up speed,' Volkswagen CEO Herbert Diess said Tuesday (12 March) that the automaker is increasing by 50 percent the number of electric vehicles it plans to produce over the next decade. The goal is to build 22 million battery electric vehicles, or BEVs, over the next decade, up from a previous target of 15 million, he said. Global Good News service views this news as a sign of rising positivity in the fields of science and business, documenting the growth of life-supporting, evolutionary trends.

The announcement made by Diess during the automaker's annual news conference underscores the rapid shift in focus for a company long dependent on diesels.

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