Volkswagen has just announced a bold plan to reduce its lineup of internal combustion-engined vehicles by 60 percent by decade’s end, in an effort to concentrate on each individual product more and also increase profitability. To us that sounds like the German giant is looking to lower volumes, but make more money by selling more expensive cars - it sounds like VW is looking to go upmarket while it’s also going electric at the same time.
Right now, even though VW has a growing range of ID-badged electric vehicles, most of what it sells still burns fuel. And even with the announced 60 percent cut, that would still leave almost half of the ICE models it currently sells on sale after 2030, although by then it will have added a lot more electric vehicles, so they may not constitute the majority any more.
