Volkswagen Group models to be electrified by 2025

Volkswagen (VW), for its part, said it was seeking new global supplier contracts to source €50 billion ($60 billion) of electric auto content including batteries, which are not yet manufactured competitively in Europe.

"We have got the message and we will deliver", Mueller said in his speech to hundreds of guests at the carmaker's event in the German financial capital.

On Thursday, BMW, which launched its electric auto i3 during 2013, said it was preparing factories to mass produce its electric vehicles before the end of 2020, and it pledged to have 12 100% battery power vehicles available by 2025.

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.

Also set to appeal to buyers will be the range of assistance systems available on the vehicle, including Front Assist and Lane Assist as standard and an optional Traffic Jam Assist system.

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The company, seeking to put the diesel emissions scandal behind it, is set to double investment in zero-emission vehicles to €20bn (£18bn).

Carmakers are spending heavily to develop and improve electric cars to meet increasingly tough government regulations limiting air pollution. "The U.S. plays a major role in our strategy". But those plans will be dwarfed by Volkswagen's electrification push.

"We have not decided if we will build it in the USA", he said. "It's always on option".

Even Porsche, part of Volkswagen, didn't wait for the show but showed off its new Cayenne SUV on August 29 with an elaborate streamed event from its base in Stuttgart, Germany.

Mercedes-Benz followed Volvo, JLR and VW with a promise that it would offer electric versions of all its cars via an announcement at Frankfurt. The namesake brand is presenting the latest design iteration of the fully-electric I.D. Crozz compact crossover and the I.D. Neo hatchback-both come to market in 2020. Automakers are also searching for ways to adapt to a future in which people find ways of getting from one place to another without necessarily owning a vehicle, such as car-sharing or ride-hailing through smartphone apps. That is even though current electric models do not enjoy high sales because of limited range, higher price, and a lack of fast-charging stations.

  • Darren Santiago