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Volkswagen Plans $7 Billion Investment To Build Electric Cars In North America

Steve Hanley writes in CleanTechnica on Volkswagen’s latest investment into EVs.

The C3 Take
  • Volkswagen will invest $7.1 billion to have its North American plants, one of which is in Tennessee, produce electric vehicles.
  • The car manufacturer has also announced that they will build a battery manufacturing plant in America, although the exact location has not yet been decided.
  • VW will phase out internal combustion engines and have 55% of its vehicle sales be EVs by 2030.

“Volkswagen Group announced this week it will invest $7.1 billion to produce battery-electric cars in North America, and will offer 25 new EV models to customers in the US, Mexico, and Canada by 2030. Its goal is for 55% of its cars to run on electricity by the beginning of the next decade.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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