It is also envisaged that the Group’s Small BEV Family shall be produced in Spain from 2025. The final determination will depend upon the final framework and state subsidies. Proprietary battery tech, charging infrastructure and energy services are key success factors within the new mobility world. Therefore, energy might be a Volkswagen Group core competency by 2030, with the two pillars “battery cell and system” and “charging and energy” beneath the roof of the new Group division Technology. A robust-margin ICE business, generating robust cash-flows will finance and accelerate the shift to BEVs. A disciplined ramp-up driven by synergies from decrease battery and manufacturing facility costs and growing scale is expected to improve BEV margins.

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