What?
Volkswagen’s CEO, Thomas Schafer, revealed during the Financial Times Future of the Car conference that the automaker plans to introduce more plug-in hybrids into its lineup, shifting focus away from solely electric vehicles due to a perceived “plateau” in EV demand. The company’s strategy is in response to a recent surge in interest for hybrid and plug-in hybrid models, influenced by changing regulations and environmental concerns.
Why does it matter?
While Volkswagen has been a frontrunner in the electric vehicle market with models like the ID.4, Schafer acknowledges the importance of incorporating hybrid technology as a transitional solution. This move aligns with regulatory requirements in the European Union and the United States to reduce emissions from light-duty vehicles. By investing in plug-in hybrids, Volkswagen aims to cater to a broader market segment while also addressing environmental concerns and consumer preferences for greener transportation options.
How is it going to shape the future?
Despite the current absence of hybrid and plug-in hybrid Volkswagen models in the U.S. market, Schafer’s comments indicate a potential shift in the company’s product offerings to comply with stricter emission standards. While the focus remains on enhancing electric range and lowering costs for these models, the ultimate goal for Volkswagen is to transition towards all-electric vehicles. The CEO’s emphasis on plug-in hybrids as a “bridge technology” underscores the company’s commitment to sustainable mobility solutions, setting the stage for a future where electric vehicles dominate the automotive landscape. As Volkswagen navigates this evolving market, consumers can anticipate a wider range of eco-friendly options that align with both regulatory requirements and shifting consumer preferences.
Source: https://insideevs.com/news/719046/volkswagen-more-phevs-ev-demand-plateau/