VW plans 34 new models in 2020; 12 EVs or hybrids
The company is now referring to its first electric SUV as the ID.Next.
Volkswagen has outlined its model offensive and electrification push for 2020, promising no less than 34 new vehicles through the year.
Upcoming launches include a dozen SUVs and eight electric or hybrid vehicles, including the ID.3 hatchback scheduled to go on sale in the summer followed by the ID.Next, the brand's first electric SUV.
The company has not fully identified the ID.Next, which could be the production version of the ID.Crozz concept. If so, the name contradicts rumors pointing to ID.4 as the most likely badge, carrying forward a standard alphanumeric scheme inaugurated by the ID.3.
The German automaker is planning to invest 19 billion euros (~$21 billion USD) in future technologies through 2024, including 11 billion euros (~$12 billion USD) on 'e-mobility' alone. Following Tesla's lead, a significant chunk of that capital will be spent on developing a modern software architecture that can control multiple vehicle systems and support over-the-air updates.
Volkswagen Group chief Herbert Diess in 2017 boldly declared the company will "leapfrog ... anything Tesla can do" and become a dominant market leader in the new world of electric vehicles. Tesla has since resolved its Model 3 production ramp struggles and may even be on track to launch the critical Model Y ahead of schedule. VW Group, meanwhile, has apparently encountered its own difficulties keeping EV projects on schedule, experiencing delays with the Audi e-tron, while the Porsche Taycan's specs fell short of the Model S including a shockingly short EPA range rating of just 201 miles.