Volkswagen Invests Massively in Electric Cars

German auto manufacturer Volkswagen has
reportedly committed to spending $66 billion between now and 2024 for
developing their digital tech framework. Sources at the company claim that as
much as $36 million went to growing the company’s electric car division. The
Volkswagen Group doesn’t represent just the VW brand, however. The auto
manufacturing company also includes vehicles produced under different brand
names such as Audi and Skoda and performance sports cars such as Porsche or

Modular Electric-Drive Matrix Development

The Volkswagen Group announced previously
that it would be putting a lot of investment into developing its modular
electric-drive matrix framework, termed the MEB. The MEB framework is designed
to help the company construct multiple different models of vehicles by keeping
many of the standard components interchangeable. The MEB allows Volkswagen to
increase the size of the cabin without impacting the amount of power the car
can deliver. Through software updates, the system can even provide better
performance by enabling the gearbox to produce more torque to turn the wheels.

A New Platform Also In Development

While the MEB is innovative in allowing for
the faster development of new models, the Volkswagen Group has also earmarked
some funds to develop a brand-new platform. Dubbed the PPE, the new platform is
intended to be a combination of engineering innovations pioneered by Audi and
Porsche and will appear in those makes of vehicles. The PPE architecture will
be built specifically for high-end and performance cars.

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Hybrid Vehicles Also Included

VW will also be dedicating a large portion
of the investment towards the creation of hybrid models, with the company
stating that it intends to release sixty new hybrid vehicles into the market
over the next five years. Additionally, VW has created a new department that
will liaise with their business partner Ford in developing self-driving vehicle
technology. The partnership of these auto giants makes the possibility of
self-driving cars a distinct possibility within the next decade.



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