Volkswagen Group says it will invest more than EUR 34 billion ($40 billion) by the end of 2022 in technologies related to the electrification and hybridization of all of its models. Plans call for the group to electrify its entire model portfolio by 2030.

At the beginning of September, the Volkswagen Group announced Roadmap E. As part of the plan, around one in four new vehicles produced by the Group will be a battery-only electric vehicle. Depending on how the market develops, this could mean up to three million e-cars a year.

As part of the current plan for 2018-2022, the automaker says it will optimize its plant and workforce assignments. The main highlights include:

• For the launch of Europe’s first series production of electric vehicles on the MEB platform, the Zwickau site will be remodeled into a pure-play e-mobility plant. Other location decisions at the individual brands will be made as Roadmap E is rolled out further.

• From the end of 2018, the entire Passat line of vehicles will be concentrated at the Emden site.

• The VW Golf family will be bundled in Wolfsburg starting with the next vehicle generation.

VW says it plans to electrify its entire model portfolio by 2030, meaning that there will be at least one electric option for each of the automaker’s 300 models. As part of the electrification drive, VW says it plans to spend more than EUR 50 billion ($59 billion) on battery cells.