Volkswagen CFO: expect rich returns from electric transportation in 2026

CTOnews.com, January 30 (Xinhua)-- Volkswagen expects investment in new software and electric vehicle technology to peak in the next two to three years.

Volkswagen Chief Financial Officer Arnold Antritz (Arno Antlitz) told the South German newspaper that Volkswagen will "hardly" make any investment in traditional internal combustion engine technology by 2026. "at that time, the burden of dual investment will gradually ease, and we hope to make a huge profit from electric travel."

In addition, he also said that "new cars will be more expensive", but car sales itself is no longer the most important thing. It seems that a decision has been made within the public.

Touyuan PexelsCTOnews.com has reported that Volkswagen announced last year that Herbert Diess would step down as CEO in September, with Porsche chief executive Oliver Bloom (Oliver Blume) as part-time.

At that time, the media interpreted that Volkswagen had been hesitant about the development of electric vehicles, and it seems that the new CEO has come up with a more favorable plan and blueprint, and has been able to successfully persuade board members.