VW ends diesel denial
Volkwagen is baling out of fossil-file driven cars in 2026. The German automaker had been an electric vehicle laggard until very recently but has now decided to join the EV evolution by dumping petrol and diesel cars.
“[We] are working on the last platform for vehicles that aren’t CO2 neutral,” says Michael Jost, VW strategy chief. “We’re gradually fading out combustion engines to the absolute minimum.”
The company is investing $50bn over the next five years to transform itself into an full-on EV maker, with a build target of 15m vehicles.
A small part of the company will stay with the combustion engine as VW believes fossil-fuel vehicles will still be running in areas with poor EV charging infrastructure.
Jost admitted at a conference in Germany that it had clear responsibility to cut harmful emission following the Dieselgate scandal. “We made mistakes,” he said.
e-takeout: It has taken VW too long to get to this point, and has only recently become a convert. Astoundingly, the company announced in March this year that it was expecting what it called a ‘diesel renaissance’. VW wasn’t alone with its diesel denial. At the same time, partner firm Bosch boldly stated that there was a future for diesel. “We want to put a stop, once and for all, to the debate about the demise of diesel technology.” Clearly, no one was listening.