Volkswagen To Triple Electric Drive Spending Over Next 5 Years

By Mark Kane Volkswagen’s new investment plan for the next five years (through 2022) details a huge spending spree on electrification, in parallel to further improvements of combustion engines. While also improving efficiency of ICE cars by 10 to 15%, Volkswagen intends to invest about €9 billion ($10 billion) into electric drive technology …read more

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