While 2019 is quietly winding down as many retreat home for the holidays, Volkswagen is already scheming for 2020. The German automaker will launch 34 new models next year, according to the automaker's recent announcement on the progress toward fulfilling its transformation strategy. The announcement of numerous new models also included news the automaker would be investing €19 billion in future technologies through 2024. Of that, €11 billion will go towards VW's e-mobility development – the company's EV rollout strategy.

The investment and new models are the latest signals from the automaker that it continues to work toward its commitment to achieving a carbon-neutral balance by 2050, along with cutting its CO2 emissions in half by 2025.