As we know, producing electric cars costs a lot . In the past, several car manufacturers had just talked about the fact that these models offered very low margins and that it would take several years to get the same earnings as traditional cars. Apparently, however, the situation seems to be changing, at least for the Volkswagen Group . During the Annual General Meeting that is & egrave; played online, the German Group CEO, Herbert Diess , stressed that he expects profitability of electric models reaches that of endothermic cars sooner than expected.
We expect the e-mobility business to reach profitability; than that related to combustion engines earlier than expected: we are in fact extensively using our platforms for mobility; electric, converting an increasing number of production plants and selling our technology to competitors such as Ford.
Therefore, the number one of the German group seems quite confident for the future, thanks also to a series of choices they are pursuing that will make electric cars as profitable as endothermic ones sooner than expected. To give confidence to Diess also a 2021 that is & egrave; closed positively despite the very difficult context for the automotive sector.
We performed well in 2021. Thanks to sound crisis management, we are financially sound and have strengthened our resilience. At the same time, we have made significant progress in implementing the NEW AUTO strategy. In 2022 we will continue to move forward with the realignment, despite the geopolitical and economic challenges. Our teams are committed to changing the world of mobility.
GLOBAL ELECTRIC LEADERSHIP
Thanks to the work that the Volkswagen Group is carrying out, Diess points out, customers today have an electric alternative for almost all models. And the plans for the future are very ambitious as we have seen. Just recently, Herbert Diess said he was confident of the possibility; to overtake Tesla and lead the German group to become the electric car market leader by 2025.
A milestone that will be; possible to achieve thanks to the arrival of new electric models that will debut over the next few years, including the & quot; small electric & quot; under the Volkswagen, Skoda and Cupra brands. Furthermore, the German Group has made it known that & egrave; the production of over 40 million vehicles has been planned on the future SSP (Scalable Systems Platform) , a unified platform for electricity.
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