Volkswagen Just Announced an Absurd Investment In EVs

Volkswagen just announced that it will spend 180 billion Euros in its business between now and 2027, with the vast majority of that earmarked for"electrification and digitization." If that sounds like a lot, it is. The figure is significantly greater than what other automakers have thrown into EVs.

That means the company will have a roughly $120 billion war chest to spend on converting its lineup to a highly digital, all-electric fleet. That's a staggering number, and more than double what Ford has set aside for its EV plans. The Blue Oval has committed

I hope we get an electric Beetle. And not a cartoon car like the New Beetle was—a real people’s car. Something basic, gritty, durable, and cheap.

So unlike their diesels, no way to cheat on emissions.

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Volkswagen Just Announced an Absurd Investment In EVsThe company is investing enough to fund a medium-sized military. Legacy OEMs will never get it. It’s NOT about the budget!! Nor the vehicle! 2 recommendations:1-Train new managers to teach engineers how to work in the new startup world 2-Understand why people buy Iphone instead of Samsung tesla startup ElectricVehicles ev ElonMusk Well, if they think they need to… good luck. Everybody else seems to be future ready without having to spend absurd sums like this. Pretty much like the Germans state than. Hopefully with more success. Could it be that the trigger for this decision - the European ban on internal combustion vehicles - is just beginning to evaporate?
Source: RoadandTrack - 🏆 577. / 51 Read more »