Volkswagen Group is following their intuition by trying to double their size and prioritize EV production in North America, carefully. With the ability to adhere to fresh terms laid, in the Biden Administration’s Inflation Reduction Act, the German automaker is looking to 25 all-electric models to sell throughout the next seven years in order to best qualify for all of the $7,500 federal tax credit.
When it comes to tech, VW isn’t on the forefront, per se.
But they are nonetheless interested in shifting all their energy towards more varietal BEV production for the needs of vehicle delivery that can be seen as affordable and consumer-worthy moves. In spite of the competition arguing over E-Fuels. Volkswagen is consistently after an all-electric future with the expansive likelihood of gaining an all-electric future, with such a goal to garner a large share of the global market.
Much of the market is held within the North American market, in which region the automaker has a production footprint, home to ID.4 EV. Such a factory will be reunited by the U.S.-based battery plant that is meant to handle local EV production. All while assisting the Volkswagen’s future models in order to qualify federal tax credits after the Department of Treasury shares it’s very own battery guidance criteria.
Furthermore, the Volkswagen Group has made it known that a new production facility is being created to therefore start the assembly line creation of Scout cars! Scout of course is the sub-brand through electric vehicles. Audi may soon follow suit, and soon, the rest of the industry as well.
As of these days, Volkswagen Group holds a hold on about 4% of the U.S. market in the modern world, as it’s likely that the number will get boosted to about 10% by the end of the decade. The CEO of Volkswagen America has made the plans known on a broad scale, while showing high interest in using federal tax credit opportunities as a means to get ahead.
Volkswagen is hoping that while their brand has a hold of only 1.8% of the American market these days, that the likelihood will be that they can make it to about 5% by 2030.
There’s additionally a slight sliver of hope that the 10% target can be met in the same period, with the assistance of other premium marques, such as Audi and Porsche. Volkswagen is well-established ahead of other competitors with Electric Vehicle Production in the United States as is, while the assembly lines are expanded beyond the models of it’s namesake brand. Such plans already involve a $7 billion investment in U.S. production, which in itself can allow Volkswagen the room to start production of the ID.Buzz electric van in 2024. In the past year alone, Volkswagen already has new plans for more affordable EV models to present to the public, while not yet declaring which will be possibly assembled in the United States.
The CEO, Paulo Di Si, says that the automaker is selling 25 BEV models in the U.S. by 2030, which is likely to qualify for the Inflation Reduction Act’s full $7,500 federal tax credit.