Volkswagen offers the ID.4, an all-electric crossover SUV, across the globe. - Photo: Volkswagen

Volkswagen offers the ID.4, an all-electric crossover SUV, across the globe.

Photo: Volkswagen

The Volkswagen brand will produce only electric cars in Europe from 2033 on, moving up its an earlier 2033-2035 target, reports the Reuters online news service.

Volkswagen COO Thomas Schaefer said in the next ten years, the automaker’s brand will narrow its model lineup. Additionally, the company will raise the profit margin for volume brands – Volkswagen, SEAT and Skoda, and commercial vehicles – to 8% by 2025, according to Reuters.

The automaker current EV lineup includes the ID family – encompassing a hatchback and crossover SUVs – and the ID Buzz van, with four additional models in production in 2023.

Cindy Brauer

Cindy Brauer

Former Managing Editor

Cindy Brauer is a former managing editor for Bobit Business Media’s AutoGroup. A native of Chicago but resident of Southern California since her teens, Brauer studied journalism and earned a communications degree at California State University Fullerton. Over her career, she has written and edited content for a variety of publishing venues in a disparate range of fields.

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