Over the next five years, the Volkswagen Group will be pumping no less than €180 billion into, among other things, the development of electric cars and software. The group will announce this during the presentation of its financial results for 2022. 68 percent of the €180 billion is intended for what Volkswagen calls ‘digitization and electrification’. A significant portion is also earmarked for expanding its activities in North America. In 2026, Volkswagen’s new Scout brand will start its sales adventure there. Scout cars will be built in the US state of South Carolina. Every year more than 200,000 cars have to leave the Scout factory. In addition, Volkswagen wants to improve its competitive position in China and, of course, the brand wants to expand its model portfolio. Volkswagen aims for around 20 percent of all new passenger cars sold worldwide to have a fully electric powertrain by 2025. That is why Volkswagen is investing €15 billion in setting up fan factories where it will produce battery cells in collaboration with PowerCo. A so-called gigafactory will be built in Ontario, Canada. The development of combustion engines is also receiving attention. In fact, they will only increase up to and including 2025, after which there will gradually be less investment in the development of combustion engines. Volkswagen indicates that it continues its EV offensive and that this year "[…] important new electric models" come to. The Volkswagen ID3 was recently facelifted and we already know that Volkswagen will come with the ID7 and a longer version of the ID Buzz this year. Cupra is launching the Tavascan this year. According to Oliver Blume – CEO of the Volkswagen Group – 7 percent of all cars delivered by the group in 2022 were EVs. However, with 8.3 million cars delivered in 2022, 7 percent fewer new cars were delivered than in 2021.