Klaus Zellmer, a member of the board of directors responsible for sales and marketing of Volkswagen’s passenger car brand, told the German newspaper Münchner Merkur that Volkswagen will exit the internal combustion engine business in Europe between 2033 and 2035.
Stating that the demand for diesel engine vehicles remains high, Zellmer also stated that Volkswagen will continue to develop internal combustion engines.
Zellmer stated that Volkswagen will exit the internal combustion engine vehicles market in the USA and China later than Europe, and that it will take longer for the German manufacturer to exit the African and South American markets due to political conditions and lack of infrastructure.
Meanwhile, Volkswagen Group subsidiary Audi announced on June 23 that it would cease production of diesel and gasoline cars by 2033 as part of its zero carbon emissions target.
It is noteworthy that the EU’s ambitious emissions targets force automakers to invest heavily in the production of electric vehicles, which are less labor-intensive in production in the long run.
Volkswagen announced in November 2019 that it will invest 60 billion euros to develop digital technologies as well as electric and hybrid cars in the 2020-2024 period.