All future Volkswagen models to be electric by 2030

Experience 360 degrees of Magna at IAA Frankfurt

Dr. Herbert Diess, who heads the VW brand worldwide, said at its Chattanooga assembly plant two weeks ago that the industry is "really dramatically changing" because of electric drivetrains, more internet connectivity and autonomous driving.

While European companies assemble battery packs for electric cars, the region has no significant player in battery cells - the essential building blocks for the batteries that are now mostly manufactured in Asia. "And we will lead that transformation".

It will ultimately be "up to customers to decide how fast [electric cars] will gain widespread acceptance", while Volkswagen continues to offer "the entire powertrain spectrum - from conventional to fully-electric - to enable sustainable and affordable mass mobility".

VolkswagenVolkswagen first introduced the ID concept during the 2016 Paris Motor Show.

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Photo by Contributed Photo /Times Free Press.

As well as the high-performance premium cars and world-renowned German automotive technology on display, visitors can see the next generation of hydrogen electric cars and eco-friendly high-performance SUVs, which are likely to drive sales growth in the near future. "We're really investing heavily in that new architecture".

Müller said: "We have got the message and we will deliver".

Its electric powertrain will produce 225 kW and capable of a top speed of 180 km/h with a battery range nudging 500kms on one charge.

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Volkswagen's plans are the most ambitious in the auto industry and reflect the company's efforts to recover from admitting that it rigged 11 million diesel vehicles to cheat on emissions tests.

As a result, the VW brand is sticking to targets for an operating margin of at least 4 percent by 2020 and 6 percent by 2025, compared with 1.8 percent a year ago, Diess said.

The move by China, the world's biggest auto market, is sure to accelerate a global shift to electrics. "The U.S. plays a major role in our strategy". By 2025, Volkswagen plans to offer 23 all-electric models.

"Financially we're very robust", Mueller said in a Bloomberg TV interview. "It will depend on volume perspectives". German automakers are taking this chance to show off the fruits of their push toward electric vehicles.

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Automakers will be eager to show off technologies that can help people get around without owning a auto.

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