Volkswagen to make electric versions of all models by 2030

Volkswagen announced Monday that all of its 300 models will be available in electric versions by 2030. The company, the world's largest automaker, is investing nearly $23 billion in the effort.
The German carmaker will also roll out 80 new electric cars across its brands, which include Audi, Bentley, and Bugatti, by 2025. Previously, Volkswagen had hoped to make just 30 new electric cars by then.
Earlier Monday, Mercedes-Benz announced it would make its entire line of cars electric by 2022, joining BMW and Jaguar Land Rover in similar efforts.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Volkswagen's announcement comes two years after its diesel-emissions crisis surfaced, and just after China's weekend announcement that it will eventually ban gasoline engines as it continues to battle pollution. "We have got the message and we will deliver," Volkswagen AG Chief Executive Officer Matthias Mueller said Monday. "The transformation in our industry is unstoppable. And we will lead that transformation."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Acid rain is back: the sequel nobody wanted
Under The Radar A 'forever chemical' in rainwater is reviving a largely forgotten environmental issue
-
Book reviews: 'Clint: The Man and the Movies' and 'What Is Wrong With Men: Patriarchy, the Crisis of Masculinity, and How (Of Course) Michael Douglas Films Explain Everything'
Feature A deep dive on Clint Eastwood and how Michael Douglas' roles reflect a shift in masculinity
-
Recreation or addiction? Military base slot machines rake in millions.
Under the Radar There are several thousand slot machines on military bases
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement