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From Electrek: VW is planning a massive $10 billion investment in electric vehicles, but...

Discussion in 'News from Electrek.co' started by RSSFeed, Apr 28, 2017.

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    VW is planning a massive $10 billion investment in electric vehicles, but even more in internal combustion engines

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    While electric vehicle enthusiasts are tired of only seeing electric concepts coming out of VW, it looks like the German automaker is ready to back those concepts with a massive 9 billion euros ($10 billion) investment to bring them to production.

    Volkswagen chief executive Matthias Müller conceded that “the future of driving is electric” and they plan to be part of it, but they are having trouble reconciling it with their current internal combustion engine business. more…

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