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VW chair says component cost decrease keeps him confident of EV success

Volkswagen AG is in the middle of implementing a comprehensive electric vehicle strategy, one that we've been documenting for a long time. The Group stands ready to offer dozens of plug-in vehicles in the coming years if it feels there is sufficient demand and believes that selling a million EVs in Germany by 2020 is reasonable. That would be a solid number, but remember that VW sold over 5,923,000 passenger cars around the world last year, and the group as a whole sold over 9.7 million. At the company's annual Media Conference and Investor Conference in Berlin recently, the chairman of the board of VW AG - surrounded by some decidedly non-green examples of the VW Group's vehicles (some absurd new Bugatti, for example) - took some time to put the company's EV plans into focus. The upshot is that Dr. Martin Winterkorn is still guiding his electromobility ship into new waters, saying that "many more [plug-in] models will follow." Winterkorn said there are three main reasons he is confident in the ability of VW (and Audi and Porsche, at the very least) to push EV sales upward. Batteries are getting better, he said, and if the ranges can be extended, then customers are happy. But the real secret lies in reducing component costs. He said (as translated): It is important to look at the cost of the components: the battery technology, the electric motor and the electric components. Whenever you go into volume production, you of course have economies of scale. In two to three years' time, if we are able to achieve the goals we are setting for ourselves with cost and reach sufficient volume, I do believe that we can achieve two to three percent [market share] within VW Group. So, hitting a million EVs by 2020 is reachable. With the e-Golf and the e-Up off to excellent sales starts, we're willing to be confident as well.

After VW scandal, new emissions tests may drive up diesel prices

However much Volkswagen has to aside to address the flak from the company's ongoing diesel-emissions scandal, it could still be less expensive than the cost of making diesels realistically adhere to stricter emissions-testing mandates. New rules are likely to be put into place as a result of the revelations that as many as 11 million VW diesel vehicles were programmed to game the emissions-testing system by triggering artificially low emissions levels. There's a potential problem, though, according to the European Automobile Manufacturers' Association (ACEA). Governments around the world are calling for more intense tests that would better simulate real-world driving conditions. Some of the mandates suggested by the European Union could make the process a costly one, however. And that would boost diesel-vehicle production costs to the point that the lower refueling costs via cheaper fuel and better fuel economy won't be able to justify the higher purchase price. According to Reuters, the ACEA issued a statement that said: The automobile industry agrees with the need for emissions to more closely reflect real-world conditions, and has been calling for proposals for years. However, it is important to proceed in a way which allows manufacturers to plan and implement the necessary changes, without jeopardizing the role of diesel as one of the key pillars for fulfilling future CO2 targets." Diesels have long been pushed in Europe because the lower carbon dioxide from the better fuel economy was thought to outweigh the additional nitrous oxides spit out by the oil burners. The push for "clean diesel" in recent years was supposed to reduce NOx emissions as well, but the VW story shows that this wasn't always the case. Rejiggered testing in Europe may start as early next year, and results may be available as soon as late 2017, but the whole point may become moot if automakers cut back on making diesel vehicles. The French government is already talking about eliminating diesel-vehicle subsidies in the wake of the scandal. Still, while new-diesel vehicle prices may rise, used-diesel prices may be falling. US auction prices for VW diesel vehicles are already down about 13 percent. UK diesel-vehicle prices have also declined, just not as much. Related Videos:

Autoblog Minute: VW Q3 financial woes, 2015 Tokyo Motor Show

Consumer Reports pulls its Tesla recommendation, the U.S. Copyright Office offers a ruling affecting car owners, VW gets hit hard with third-quarter losses, and lots of exciting news from Tokyo. Autoblog senior editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Show full video transcript text [00:00:00] Consumer Reports pulls its Tesla recommendation, the U.S. copyright office offers a ruling that affects car owners and gear heads, VW gets hit hard with third-quarter losses, and lots of exciting news from Tokyo. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. After a week away testing vehicles for Autoblog's Tech of the Year award, we're back in the office to recap the week in automotive news. [00:00:30] One of the things you might have missed was Consumer Reports pulling its recommendation of Tesla's Model S sedan. The blemish for Tesla comes after a tally of reviews from customer surveys. The most common problem areas for the Model S as cited by survey takers included: the drivetrain, power equipment, charging equipment, body and sunroof squeaks, rattles, and leaks. So lots of stuff. Though they could not ignore a score of "worse-than-average", Consumer Reports still [00:01:00] highlighted the fact that the Model S was "the best performing car" they've ever tested. Telsa CEO Elon Musk took to social media to defend his sedans saying: "Consumer Reports reliability survey includes a lot of early production cars. Already addressed in new cars." And, "Tesla gets top rating of any company in service. Most important, CR says 97% of owners expect their next car to be a Tesla (the acid test)." In Financial news, Volkswagen took a hit and reported an operating loss of [00:01:30] $3.84 billion. This is the first such loss for VW in 15 years. Toyota reclaimed the crown as the world's largest automaker as well. It's important that it's not all doom and gloom for VW though in Q3. Sales revenues were up and the company's automotive division boasts $30 billion dollars in liquid assets. It's a sizable war chest that will no doubt come in handy, as the company has yet to feel the full brunt of the diesel emissions scandal. Good news for gear heads. The US copyright office [00:02:00] ruled in favor of mechanics and car owners by granting an exception to existing copyright law. The law was originally meant to prevent software pirating and bootlegging of Hollywood movies.