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