U.S. Markets closed

VW hopes to sell 10 million electric cars based on its new platform

Jon Fingas
VW hopes to sell 10 million electric cars based on its new platform

Volkswagen has grand expectations for the platform underpinning its first purpose-built electric cars. The VW Auto Group plans to sell 10 million EVs based on its modular electric drive matrix (MEB) across all its brands during the "first wave." It hopes to have sold 150,000 electric cars in total by 2020, 100,000 of which will be 100,000 I.D. models produced in Germany. As with Tesla and other brands making EVs from scratch, the MEB platform is designed explicitly with electric power in mind.