Volkswagen's CEO says the brand will increase its investment in plug-in hybrids to meet consumer tastes. The automaker follows brands like Mercedes, GM, and Ford, which have all committed to offering more PHEVs as growth in the EV segment slows. The move is a surprising one from the automaker that committed to going all-electric in the wake of the Dieselgate scandal.
The automaker has also recently backed away from plans to build a €2 billion EV factory in Germany, and has stopped looking for outside investors for its battery subsidiary — though it is still committed to building gigafactories in Spain and Canada. Despite Diess's ambitious electrification plans, the automaker is on track to surpass European emissions targets next year, prompting the new head of the Volkswagen empire, Oliver Blume, to ask the EU to ease regulations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ComEd Adds First All-Electric Bucket Trucks to Its Growing Fleet of Electric VehiclesComEd Adds First All-Electric Bucket Trucks to Its Growing Fleet of Electric Vehicles
Source: cleantechnica - 🏆 565. / 51 Read more »
2025 Acura ZDX First Drive Review: First electric Acura or alternative Cadillac?Get in-depth info on the 2024 Acura ZDX including prices, specs, reviews, options, safety and reliability ratings.
Source: therealautoblog - 🏆 528. / 51 Read more »
Vivo Electric Standing Desk and Table Top vs. Vari Ergo Electric Standing DeskCraig covers tech, electronics, and automotive topics for Bestcovery. For his full-time job, he is currently the creative director at a marketing agency in Utah. He was born and raised beach-side in Australia and moved to the US in 2016. He’s become a big fan of US portion sizes, Post Malone, and baseball.You can follow Craig here: https://www.
Source: latimes - 🏆 11. / 82 Read more »
Every Plug-In-Hybrid Vehicle for Sale in the U.S. TodayThese plug-in models bridge the gap between gasoline-electric hybrids and battery-electric vehicles.
Source: CARandDRIVER - 🏆 576. / 51 Read more »
Volkswagen rethinks EVs in China with bold ID Code conceptElectric SUV previews new range of China-focused electric cars, with window animations and blinking headlights
Source: autocar - 🏆 93. / 67 Read more »