Audi has confirmed that €37 billion ($54 billion) will be dedicated to “future vehicle projects” between 2022 and 2026, €18 billion ($26 billion) of which has been earmarked for electrification and hybridization.
During the summer, Audi announced its commitment to electrification courtesy of its ‘Vorsprung 2030’ strategy, which outlined a drive to become “a sustainable, social, and technological leader by 2030.” This included the launch of solely all-electric vehicles from 2026 onwards and the release of the company’s final combustion-engined model in 2033.
Audi’s electrification strategy also includes a target to ship three million cars per year from 2030.
In a bid to realize these goals, Audi has already doubled its electrified fleet in 2021, specifically e-tron versions of the Q4 and the Q4 Sportback, plus the new e-tron GT quattro and RS e-tron GT. The Ingolstadt-based carmaker has now announced that, as of 2025, the carmaker aims to have more than 20 fully electric models on its line-up.
This investment overhauls the €15 billion Audi originally penned for electrification development between 2021 and 2025.
“ ‘Vorsprung 2030’ will ensure that Audi remains viable into the future,” Audi CEO Markus Duesmann explained in an official statement. “The rate of change in our society is rapidly increasing. For that reason, we are accelerating our transformation to climate-neutral mobility. For us, a sustainable business model is quite clearly a matter of approach and responsibility.”
Alongside electric vehicle development, Audi’s investment is also set to expand its charging network. Systems specified include a new “urban premium charging concept”, tailored towards EV owners that do not have a charging hubs at home, and which offers reservable slots at high-power charging stations complete with a lounge area.
The IONITY high-power charging network, of which Audi, Porsche and parent company Volkswagen Group are founding members, is set to increase the number of high-performance 350 kW charging points across Europe from 1,500 to “about 7,000” by 2025.
Granted, no confirmation regarding Audi’s North American charging network had been made.