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16 Nov
15:54

Volkswagen earmarks €73 billion for electric vehicles

German car manufacturer Volkswagen is to invest €73 billion ($86.5 billion) on electric (EV) and hybrid vehicle development, Kallanish reports. Alongside EV and hybrid vehicle development, Volkswagen will invest in its digital and autonomous vehicle progress as part of a wider $150 billion investment strategy for the next five years. Capital expenditure and research & development will be raised from 40% to 50% of the company’s total planned investme…
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