Volkswagen and Honda are both planning to offer electrified versions of all models in their portfolio by 2030 at latest.
Volkswagen said that as part of its Roadmap E initiative, it will invest €20bn (£18bn) to electrify its range, and will offer hybrid or fully electric versions for all of its models by 2030. This will be coupled with an order volume of over €50bn for the batteries that will power them.
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The manufacturer stated it will also add 50 electric and 30 hybrid vehicles to its brands’ range by 2025.
Honda, meanwhile, said 2025 will be its target for electrified all of its range in Europe. Globally, it aims for two-third of sales to include hybrid or electric vehicles.
Explaining the two-speed approach, Honda president Takahiro Hachigo said: “Here in Europe, we see this move towards electrification gathering pace at an even higher rate than elsewhere”, adding that the region was therefore the next logical step for the company’s ‘Electric Vision’ strategy.
Other major carmakers have recently pledged major production overhauls towards electric-powered vehicles. In July, Volvo said they would drop internal combustion-only cars by 2019, and earlier this month Jaguar Land-Rover promised to electrify all its models by 2020.
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By GlobalDataThe moves came only a few months after the UK government said it would ban sales of polluting vehicles by 2040, following in the footsteps of France and Germany.
