Electric Cars Dominate The Buzz At Frankfurt Auto Show

Mercedes CEO Dieter Zetsche and Formula One driver Lewis Hamilton pose during the opening of the Frankfurt Motor Show

The automaker said on Monday it was stepping up the pace on its electric auto program, announcing more than 20 billion euros ($23.86 billion) of new investments over the next 12 years.

Every auto made by the VW Group umbrella - including Audi, Bentley, Bugatti, Seat, and Skoda - will eventually have a fully or partially electric counterpart and 80 new all-electric vehicles will be on the market by 2025.

By 2025, Volkswagen aims to have 50 purely battery-powered vehicles and 30 hybrid models in its lineup.

"Customers want clean vehicles", VW chief Matthias Mueller told the BBC at the Frankfurt Motor Show. "The transformation in our industry is unstoppable".

Volkswagen also confirmed that it isn't ditching the internal combustion engine just yet, saying its commitment to electrify the range "underlines Volkswagen Group's commitment to an orderly system changeover with today's engine as a bridge towards an emission-free age". And only then will electric cars come out of the niche - and achieve relevant market share in years to come. An advanced air-purification system is part of the mix, as is a new operating system dubbed "vw.OS" allowing quick software updates at any time.

The world is shifting toward electric vehicles, but it's proving to be a gradual process.

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"Daimler is the first company to state explicitly how much electric vehicles are going to hurt margins", said Bernstein analyst Max Warburton.

Diess cited plans announced last month to produce the ID Buzz, or an all-electric vehicle hearkening back to the popular Microbus that's to hit the market in 2022.

The world's largest carmaker, Volkswagen, has pledged to electrify its entire range of cars by 2030.

Volkswagen has taken the covers off its latest electric concept - the I.D. Crozz.

Carmakers at the Frankfurt auto show revealed low-emissions vehicles and technology strategies they hope will let them profit from the sweeping changes expected to hit the auto industry in the next few years.

According to the spokesperson, a lack of infrastructure such as battery-charging stations won't hamper Daimler's e-mobility drive as the company had already entered a joint venture with BMW, Ford and VW to construct 400 charging stations along key European travel routes.



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