Volkswagen Will Make Only Electric Cars in Europe Within Next 10 Years
Employees work on Volkswagen ID Buzz electric microbus vehicles in Hannover, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Volkswagen AG’s namesake brand is stepping up efforts to go entirely electric and vowing to phase out making combustion cars in Europe completely starting in 2033 at the latest.
The VW division will launch 10 new electric models by 2026, including an entry-level model the automaker wants to sell for less than €25,000 ($25,161), brand chief Thomas Schaefer said Wednesday. VW had previously said it planned to stop selling combustion cars in Europe between 2033 and 2035.