Frankfurt - Volkswagen T-Roc kicks off brand renewal

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Volkswagen has revealed that it is to spend €70bn on building electric versions of all 300 models by 2030.

The Volkswagen Group will launch 80 new electrified models between its brands by 2025 - and will offer an electrified version of every model the company sells by 2030.

That's according to company CEO Matthias Mueller, who said that VW will continue to develop diesel powertrains, despite the emissions scandal of 2015.

"Nothing can stop the transformation in our industry".

"There will be a coexistence between internal combustion engines and electric drive systems for a certain period", Mueller said to the BBC.

Volkswagen shows off a concept of its electric. Automakers "won't be shouting about it, but diesels will be part of their lineup", says Ian Fletcher, principal analyst at IHS Market.

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

VW, Daimler and BMW AG are accelerating electric-vehicle plans to react to slumping sales of diesel models amid the fallout from VW's cheating scandal. The premium vehicle brand is slashing spending to free up €10 billion to develop an electric-car lineup that will comprise as many as 12 models in 2025.

Now, it has shown an update to one of those concepts at the Frankfurt motor show, the Volkswagen ID Crozz utility vehicle that debuted in April at the Shanghai auto show.

Underscoring the enormity of the shift taking place in the industry, Mueller said VW will need the equivalent of at least four gigafactories for battery cells by 2025 just to meet its own vehicle production.

The interior remains far more conceptual, and it's worth noting that Frankfurt's version of the Crozz still doesn't have a pillar between the front and rear side windows-an unlikely feature for a vehicle this large destined for mass production.

The three German luxury carmakers were the home team and showed it with large display areas. Looking to expand into the European market, Hyundai Motor and Kia Motors have unveiled new sub-compact crossovers and high-performance vehicles at the show.

Muller said the company was likely to use two electric platforms, and is investing 20 billion euros (£18bn) into e-mobility, in one of the biggest procurement projects in the company's history.

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