VW Announces New Battery Tech, End Of Combustion Engines

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VW Announces New Battery Tech, End Of Combustion Engines For Audi



This past week, Volkswagen Group brand Audi confirmed an end to the development of new combustion engines, as well as an overarching strategy to give the company an edge in the fierce battle for electric vehicle (EV) marketshare. The future for automakers is all about batteries: lowering costs, improving performance, and increasing production capacity.

Besides their visionary CEO Elon Musk, Tesla’s greatest advantage over competitors is its advanced batteries and accompanying software. Not only are the packs they utilize are more cost efficient than those used by rivals, Tesla has also invested billions into Gigafactories with a goal of producing more than 60% of the world’s supply of lithium-ion batteries.

It’s no surprise that the world’s second largest carmaker is racing catch up. Volkswagen made its strategy clear to investors at a March 15th event they dubbed Power Day. As early as 2023, VW plans to introduce new “unified” prismatic batteries cells to achieve a maximum of 50% cost savings, with the goal of driving costs down to under $100 per kilowatt-hour (kWh) by the end of the decade. This sweet spot in the internal combustion engine versus battery competition will make EVs cheaper than gasoline-powered cars. It’s no surprise plenty of research is going into optimal battery designs.

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