Volkswagen is planning to launch 30 all-electric models to reposition itself as a leader in so-called "green" transport.
Chief executive of Europe&`&s biggest carmaker, Matthias Mueller, says huge investments are needed.
He hopes that by 2025, all-electric cars would account for about 20-25% of the German carmaker&`&s annual sales.
Latest figures show that sales growth of Volkswagen-branded cars continues to fall behind European rivals.
For more on this topic, CRI&`&s Tu Yun talked to CRI financial commentators Cao Can and Einar Tangen.