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Audi to launch two Electric vehicles by 2018 - CEO

Snapshot: Audi has green-lighted development of two full electric vehicles which will be out by 2018.

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It wouldn't be wrong to say that we are living at a high time of automobiles when we are witnessing the best of both the worlds, classic cars being modernized and technologically advanced cars. But it is also the worst time for automobiles as the resources are depleting very fast and manufacturers are finding any possible alternate way to power their cars. In one such move, Audi has green-lighted development of two full electric vehicles which will be out by 2018.

As confirmed by Audi CEO Rupert Stadler, in an interview to a German daily Frankfurter Allgemeine Zeitung, this week, Audi is planning to invest big in the development of Electric vehicles. According to Mr. Stadler, Audi will be investing €2 billion by 2019 for the development of more electric drive systems and digital technologies, aside from these two electric cars.

Coming on to the two vehicles, one of these is going to be a sports car and the chances are, it will be the e-tron version of the R8, which is making the rounds of rumors for a long now. Audi has recently revealed the second generation of Audi R8 Sportscar, which will be launched in 2015, so the possibility is that the e-tron version will be based on the same model.

The other car under the electric car development project will be a Sports activity vehicle (SAV) and will provide a range of 500 km on a single charge as confirmed by Stadler. The SAV is pitted against the long delayed Tesla Model X, which is expected to hit the markets in late 2015.

Also check the latest gadgets from the 2015 Audi Q7 latest! 

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