First Volvo did it.
Speaking at the Volkswagen Group event held the night before the Frankfurt motor show, group chairman Matthias Muller said the "Roadmap E" model blitz would include 50 all-electric cars and with 30 plug-in hybrids.
"Nothing can stop the transformation in our industry".
"Today's vehicles are earning us the money we need to invest billions in the future", he said.
Rather than selling assets, Porsche said VW should focus on implementing a turnaround plan for its troubled core autos division which is pushing an increased embrace of electric cars.
The Crozz is rumored to be the first of the ID vehicles to be offered for sale to the U.S. market.
It's also encouraging to see such a large part of the sum going towards the battery supply side. To achieve this, it's looking for partners in Europe, the United States, and China, putting out to tender a string of contracts worth $60 billion. Combined, the two output a total of 302 PS and has a said top speed of 180 km/h.More news: Multiple Leaks Surface Online Ahead Of Apple Event
The Wolfsburg-based group owns a stable of 12 brands ranging from VW, Seat and Skoda to Audi (IOB: 0FG8.IL - news), Bentley and Lamborghini - as well as truck and bus makers MAN (Swiss: MAN.SW - news) and Scania and Ducati motorbikes. But that scandal certainly accelerated plans for a group-wide Modular Electric Toolkit-known as the MEB platform.
Though the CROZZ was the fourth I.D. concept to be introduced, it will be the second in the series to reach production, according to Volkswagen. Crozz II, but if it were, we would.
By locating the battery in the centre of the I.D. Crozz with a motor at each driven axle, the company says attains "an ideal weight distribution" which gives the EV crossover concept handling characteristics on par with that of a Golf GTI. Range is quoted as being 310 miles (500km) on the NEDC cycle.
With Volkswagen's dieselgate hanging over the show like a toxic emissions cloud, Mercedes-Benz has set the electric bar higher with plans to convert the whole of its fleet to some form of electrification by 2022.
Earlier in the year, Volkswagen revealed their upcoming electric SUV concept called the I.D. Crozz.