Looks like VW will be accelerating their implementation of electric cars. Great news in my book.
http://www.volkswagenag.com/content/vwcorp/info_center/en/news/2015/10/VW_Effizienz.html
MEB electric toolkit
An MEB electric toolkit for future use in compact segment vehicles is to be developed based on the experience gained with existing vehicle architectures. This will be a multi-brand toolkit suitable for both passenger cars and light commercial vehicles and will thus leverage synergies from other electric vehicle projects in the Group. The standardized system will be designed for all body structures and vehicle types, thus allowing particularly emotional vehicle concepts, and will enable an all-electric range of 250 to 500 kilometers.
Phaeton redefined – the future is electric
The Volkswagen Phaeton has embodied the brand’s technological competence and brand ambition from the first generation onward. The future generation of the Phaeton will once again be the flagship for the brand’s profile over the next decade. In light of this, the Board of Management redefined the current project. The specification features a pure electric drive with long-distance capability, connectivity and next-generation assistance systems as well as an emotional design.
http://www.volkswagenag.com/content/vwcorp/info_center/en/news/2015/10/VW_Effizienz.html