Volkswagen ID Crozz electric crossover concept updated at Frankfurt show

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

VW is aiming to bring 300 electric vehicle models to the market by 2030.

Daimler AG's Mercedes-Benz unveiled a compact electric vehicle under its EQ sub-brand that showcases its efforts to make connected, electric, shared and autonomous vehicles.

By 2025, Volkswagen Group intends to introduce 80 new electric models, which includes 50 purely battery-powered vehicles and 30 plug-in hybrids.

"We have got the message and we will deliver", said VW chairman Matthias Muller at the group media night ahead of the Frankfurt motor show.

The largest automotive market in the world, China is studying when to end production and sales of combustion engine vehicles, which echoes the moves by France and Britain, with both announcing bans starting in 2040 for conventional cars. To make it sustainable, clean and better for our customers worldwide.

As the name suggests, Roadmap E puts Volkswagen on course for a future dominated by electric cars.

Volkswagen Showcar I.D. CROZZ equipped with Hankook concept tyres
Volkswagen Showcar I.D. CROZZ equipped with Hankook concept tyres

On Thursday, BMW, which launched its electric auto i3 during 2013, said it was preparing factories to mass produce its electric vehicles before the end of 2020, and it pledged to have 12 100% battery power vehicles available by 2025.

Volkswagen shows off a concept of its electric.

The scandal proved to be the strategic shift driver for the company, but this has put VW on a tighter space as they neglect the electric vehicle race while others have been rampaging with their developments and advances.

The new metal on show this year includes the highly anticipated Renault Megane RS and its rival, the Hyundai i30 N, along with a host of concepts, including BMW's Tesla-rivalling i Vision Dynamics electric auto. Crozz concept at Frankfurt and confirmed the all-electric crossover will go into production in 2020 as part of its Strategy 2025 EV roll-out.

The three German luxury carmakers were the home team and showed it with large display areas.

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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