Volkswagen expects investments in new software and electric vehicle technology to peak in the next two to three years.
In an interview with the Suddeutsche Zeitung, Volkswagen CFO Arno Antlitz said that by 2026, Volkswagen will “hardly” make any investments in conventional internal combustion engine technology and that the company aims to reap big rewards in the electric mobility sector from then on.
In addition, he said that “new cars will be more expensive,” but that car sales themselves are no longer the most important thing. It seems that VW has already made up its mind internally.
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Volkswagen announced last year that Herbert Diess would step down as CEO in September and that Porsche CEO Oliver Blume would concurrently serve.
At that time, some media interpreted that Volkswagen had been hesitating about the development of electric vehicles. Now it seems that the new CEO has formulated a more favorable plan and blueprint, and has been able to successfully persuade the members of the board of directors.
