Half of Volkswagen’s sales are expected to be battery-electric vehicles by 2030, the German carmaker said Tuesday.
By 2040, the company said almost 100% of its new vehicles in major markets should be zero-emission vehicles.
Those objectives are part of Volkswagen‘s wider aim to be fully carbon neutral by 2050.
The firm said it would work on developing software to help boost profits as it focused on transitioning its vehicles from internal combustion engines to operating on batteries.
Volkswagen has earmarked 73 billion euros ($86.4 billion) for the development of future technologies between 2021 and 2025, which makes up 50% of the company’s total investments.
It also announced it was developing three software platforms, with an aim to develop one software platform that can be used across all Volkswagen Group cars by 2025. Developers of the technology said on Tuesday that software could become a major source of income for the autos industry by 2030, with up to 40 million vehicles expected to be operating on the Group’s software platforms within the next decade.
Volkswagen’s software company CARIAD is currently developing software platforms which will offer various features such as a unified infotainment system and the ability to hand steering controls over to the car.
In a further bid to boost its electric vehicle offering, Volkswagen announced it would establish a “controlled battery supply chain,” introducing one unified battery format and opening six giga factories across Europe by 2030.
The first factory in Skellefteå, Sweden, will be operated by Northvolt, and is expected to begin production in 2023.
In partnership with Chinese cell specialist Gotion High-Tech, Volkswagen will open a second giga factory in Salzgitter, Germany, with a view to begin production in 2025.
Volkswagen’s announcements on Tuesday came as part of its 2030 strategy, which comes ahead of a swathe of environmental policies expected to be announced on Wednesday by the European Union.
The carmaker has already begun to roll out fully-electric vehicles. In 2019, the company’s fully-electric ID.3 model sold out in the car’s presale.
Carmakers all over the world are racing to transition to electrification.
Stellantis — the product of a merger between Fiat Chrysler and France’s PSA Groupe — announced last week that it plans to invest at least 30 billion euros in electric vehicles and supporting technologies like software through 2025.
French carmaker Renault said in June that it had signed two new partnerships to develop a Gigafactory in northern France. Meanwhile, Swedish automaker Volvo aims to offer only electric vehicles by 2030.
Toyota is developing a small bZ electric crossover with… Suzuki?
The smallest electric vehicle under Toyota’s “Beyond Zero,” or bZ lineup, is under development. The small bZ electric crossover is reportedly being prepped in collaboration with Suzuki.
Toyota is finally waking up as the auto industry’s shift to electric vehicles heats up. Over the past several months, Toyota has revealed a series of innovations to help it catch up to EV leaders Tesla and BYD.
At a tech workshop in June, Toyota highlighted its next-gen EV batteries, enhanced design methods, and manufacturing upgrades as it aims to boost efficiency.
Toyota plans to launch new electric models with nearly 500 miles (800km) of range using advanced batteries in 2026. Last month, Toyota showed off its future EV production line, including Giga casting tech, self-propelled assembly lines, and robots transporting finished vehicles.
After accelerating its plans, Toyota aims to produce 600,000 EVs in 2025, tripling the 190,000 output expected in 2024.
By 2026, Toyota looks to sell 1.5 million EVs with ten new electric models, including small cars, SUVs, crossovers, luxury, and commercial. With just 0.26% of Toyota and Lexus sales being fully electric last year, the automaker has a big transition ahead.
We got our first look at Toyota’s new compact electric SUV last month in a video teaser posted on social media. Now, we are learning more about an even smaller separate model.
Toyota developing a small electric crossover with Suzuki
According to the Japanese news website Best Car, the small Toyota electric crossover will be jointly developed with Suzuki.
Although Suzuki isn’t known by any means as an EV leader, the company has a knack for building small cars.
Earlier this year, Suzuki revealed its first global electric vehicle concept, the eVX. It will show the concept off at the Japan Mobility show alongside a mini eWX wagon EV later this month.
Last year, Toyota and Suzuki deepened their partnership to develop compact electrified vehicles.
In May, we got our first look at a new mini-commercial electric van co-developed by Suzuki and Toyota. The companies teamed up to develop a new EV platform for a series of mini electric vans that will be on display at the Japan Auto Show starting October 26.
According to the new report, the small Toyota electric crossover will ride on the e-TNGA platform, the same one used for the bZ4X electric SUV. It’s expected to launch in 2025.
The bZ small crossover was first showcased during a briefing session in December 2021 alongside 15 other EV models, including a pickup, sedan, sports EV, compact cruiser, large SUV, and several other Lexus and Toyota concepts.
Genesis shares 2024 GV60 pricing, including cheaper RWD trim with ~50 miles more range
Genesis USA has just shared pricing and packaging for the 2024 model year of its GV60 SUV. In addition to new standard features, the luxury sub-brand of Hyundai Motor Group has introduced a new rear wheel drive (RWD) that offers nearly 50 miles more range than the 2023 EV models at a significantly lower MSRP.
The GV60 is an all-electric crossover first introduced by Genesis in the summer of 2021 and was really a kicking off point for the luxury automaker on its journey to end all new combustion models by 2025 and be entirely electric by 2030.
In May of 2022, Genesis delivered its very first GV60 to a customer in California, the first state it sold the BEV in. Throughout 2022, we saw Genesis expand the availability of the crossover to new markets in the US, and Electrek’s Seth Weintraub even got a chance to test it out for himself.
This past May, Genesis introduced biometric technology to the GV60 called Face Connect, allowing owners to access and start their BEVs using their face alone without the need for a smartphone or key fob. Today, we learned that Face Connect is one of several features that come standard on some of the new trims of the 2024 GV60 models, in addition to an enticing new RWD variant.
Genesis shares 2024 GV60 with better pricing, features
According to details from Genesis USA today, the star of the show for the 2024 GV60 model year appears to be the new RWD variant. Starting at an MSRP of $52,000, this trim features a 168 kW rear motor that offers 294 miles of range (non-EPA).
For comparison, the higher range Advanced AWD trim of the 2023 GV60 offered 248 miles of EPA estimated range. For 2024, the RWD GV60 garners 46 extra miles, or a 19% increase. In addition to the new, more affordable RWD trim, Genesis is introducing a slew of new features that will now come standard on the 2024 GV60 models, including WiFi hotspot capability, Genesis Digital Key 2, Highway Driving Assist II, and Advanced Forward Collision Avoidance-Assist.
The aforementioned Face Connect biometrics also come standard on all 2024 trims. Here’s how the pricing breaks down and how it compares to last year’s GV60 models:
|2024 GV60 Trim||MSRP*||2023 GV60 Trim||MSRP*||Price Difference|
|Advanced AWD||$60,550||Advanced AWD||$59,290||+$1,260|
|Performance AWD||$69,550||Performance AWD||$68,290||+$1,260|
Genesis shared that that the 2024 RWD and Advanced AWD versions of the GV60 are available at select retailers around the US, in the 23 states the automaker currently sells the BEV. The availability of the Performance AWD version will be announced at a later date.
Virginia is about to get a big 772 MW solar boost
Dominion Energy Virginia today proposed more than a dozen new solar projects that will power nearly 200,000 Virginia homes at peak output.
A lot of new solar for Virginia
If the Virginia State Corporation Commission (SCC) approves the proposed solar projects, they’ll generate 772 megawatts (MW) of clean energy for Dominion Energy Virginia’s customers.
Dominion Energy Virginia is the state’s largest utility company, and it serves the most densely populated metropolitan areas such as Richmond, Charlottesville, and northern Virginia. It wants to build six solar projects totaling 337 MW that it will own or acquire:
|Alberta Solar||3 MW||Brunswick County|
|Beldale Solar||57 MW||Powhatan County|
|Blue Ridge Solar||95 MW||Pittsylvania County|
|Bookers Mill Solar||127 MW||Richmond County|
|Michaux Solar||50 MW||Henry & Pittsylvania Counties|
|Peppertown Solar||5 MW||Hanover County|
Dominion’s proposal also includes 13 power purchase agreements (PPAs) totaling 435 MW with independently owned solar projects. It selected the PPAs through a competitive solicitation process.
Construction of the projects will support more than 1,600 jobs and generate more than $570 million in economic benefits across the state.
In addition to SCC approval, the utility-owned projects require local and state permits before construction can begin. If approved, construction is expected to be complete between 2024 and 2026.
Dominion Energy’s solar fleet is currently the second-largest in the US. If the new projects proposed today are taken into account, Dominion’s solar capacity in Virginia will surpass 4.6 GW – enough to power more than 1.1 million homes at peak output. (For context, Virginia’s population is 8.64 million, and Dominion Energy Virginia supplies more than 2.5 million homes and businesses with power.) Dominion Energy says it’s committed to net zero by 2050 (wish that target was sooner).
This is welcome news for a state that’s heavily dependent on natural gas, which makes up 57% of Virginia’s total electricity net generation.
Virginia currently has enough solar to power 519,386 homes, or 4,393 MW, according to the Solar Energy Industries Association (SEIA). So it’s not doing too shabbily, as it’s currently ranked 10th in the US by the SEIA for the amount of solar installed.
But there’s a whole lot of room for improvement, as it needs to ditch the natural gas. So this 772 MW of new solar is a welcome boost for the state’s clean energy. Seeing how Virginia is expected to add 6.72 GW of new solar in the next five years, it looks like it’s headed in the right direction.
Photo: Dominion Energy Virginia
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here.
Sports12 months ago
‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
Environment4 months ago
Japan and South Korea have a lot at stake in a free and open South China Sea
Sports6 months ago
MLB Rank 2023: Ranking baseball’s top 100 players
Sports2 years ago
Team Europe easily wins 4th straight Laver Cup
Technology2 years ago
Game consoles were once banned in China. Now Chinese developers want a slice of the $49 billion pie
Environment8 months ago
Game-changing Lectric XPedition launched as affordable electric cargo bike
Politics2 years ago
Have the last few wobbly weeks seen a turning point for Johnson as PM?
Business1 year ago
Bank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway