Volkswagen believes: 40% of investments for the electric car

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Volkswagen is right, despite the moonlight on the global car industry. The big world houses are struggling with the costs of the electric revolution (imposed by politics and not by the market) and autonomous driving. Hundreds of billions of total investments that in the next few years will make a company make margins and distribute dividends. Just yesterday the German rival on the front of the premium car, Daimler, had to admit that the margins of the next two years will be seriously limited by the convergence of costs and non-brilliant sales figures.

The world's leading manufacturer with over 10 million vehicles sold per year through its 12 brands, announced that it will invest 60 billion euros by 2024 to develop the car of the future, through hybridization, electric mobility and digitalization. The new figure is 16 billion higher than that indicated last year and at this year's annual conference: 33 of these billions will be dedicated exclusively to electric-powered cars.

The percentage of investments dedicated to hybrid and draft cars will rise from 30% indicated last year to 40%. Volkswagen intends to introduce up to 75 models completely electric, compared to a previous forecast of about 70. Approx 26 million the e-car produced in the next 10 years, compared to a previous target of 22 million. Probably in Wolfsburg they are sure that after an uninspiring start-up of the electricity market, which translates into volumes unable to bear the costs of investments, customers will increasingly choose electric cars. Among other things, in 2020 the first "small" of Vw, the ID.3, will start, costing about 30 thousand euros, a challenge that in Wolfsburg they do not want and cannot lose.

The government of Angela Merkel. With the granting of incentives for those who purchase electric cars that cost less than 40 thousand euros (not a Tesla, for now: the US rival that will open its first European production plant in Berlin: the 35 thousand Euro Model 3 is not yet in sale), but also with more charging stations and an increase in the price of traditional fuels. It's an investment monstre of about 100 billion euros, of which 54 are allocated by 2023.

Volkswagen confirmed the goals set for 2019, the CEO said Herbert Diess after a meeting of the board of directors. "Even in a difficult global market environment – he said – we are on the right track". In terms of deliveries, the group aims to repeat the numbers of 2018 (after lowering the bar a few weeks ago by 900 thousand cars produced), while the adjusted operating margin should be in line, between 6.5 and 7.5 percent.