Home / Auto News / News article: Volkswagen Strengthens Electric Car Plans, Plans New Hybrid Models - AutoGuide.com News
 |  Mar 17 2011, 11:27 AM

Volkswagen is now swimming in extra money, and has decided to put it into their electric car programdespite their initial reluctance to enter the EV market.

VW’s plan originally was to focus on hybrids, and they’re still sticking with it: they will introduce five new hybrid versions of the Touareg, Golf, Jetta, and the Audi Q5 and A8. But they will also start building the Up! concept from Geneva in 2013, and an electric Golf a year afterwards. “Volkswagen will also be the first automaker,” said VW CEO Martin Winterkorn, “to launch a mass-produced electric car for everyone.”

Uh oh, don’t tell them about the Nissan Leaf. But VW plans to build their electric cars in far greater volumes than the current Leaf is selling, especially considering the latter’s recent delays. To accomplish this VW has invested $122 million in a new research facility at its Wolfsburg headquarters, where it will hire 1,000 researchers and engineers to figure out this whole electric boogaloo.

“A new technology era is dawning and we must make new drive systems ready for production,” said Winterkorn. “New solutions are needed for mobility in the world’s mega-cities. We already have solutions in every vehicle class.”

VW plans to make electric vehicles mainstream, and lucky for them, they have the additional money to do so.

[Source: Auto Observer]