The Volkswagen AG group will have
a lineup of 10 or more electric vehicles and hybrids by 2015,
an official with the German automaker said on Wednesday.
The group aims to sell 300,000 EVs and plug-in hybrids in 2018, which would account for 3 per cent of its overall sales of new automobiles, Rudolf Krebs, Group Chief Officer for Electric Traction, said during a visit to Japan.
Volkswagen plans to first launch an electric version of its Up! subcompact in Europe in mid-2013, followed by the debut of a battery-powered version of its mainline Golf model by the end of that year. It may sell these models in Japan. The automaker also intends to begin sales of a plug-in hybrid that year.
Group firms such as Audi AG and Porsche AG are to launch EVs and hybrids as well.
The German automobile group intends to develop these new models on its own. It is unlikely to form partnerships with others in this field, Krebs said.
At present, electric drive units, including batteries, cost five times as much as gasoline engines, said Krebs. Volkswagen aims to halve the cost of batteries by around 2018 through technological improvements and mass production, he added.
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