The Volkswagen Group announced that they will invest €20bn in the transtion to offer all-electric versions of their models and brands. Alone in its EV factory in Dresden, Volkswagen will invest €6bn to launch new electric vehicle models. VW CEO Matthias Müller explained yesterday that “the Group as a whole will deliver more than 80 new electric models to customers by 2025, including almost 50 true e-vehicles and 30 plug-in hybrids,” hoping to be the “world’s number one when it comes to electromobility by 2025.”
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