Volkswagen to invest $84 billion into electric vehicles

Electric Vehicles - Volkswagen Logo on Vehicle

Automaker is showing greater support for clean vehicles German automaker Volkswagen has announced plans to begin investing heavily in electric vehicles. Earlier this year, the company announced that it will be committing $10 billion to the development of these vehicles. Now, the automaker has plans to increase this investment to approximately $84 billion. With this investment, Volkswagen aims to bring 300 electric vehicle models to the global market by 2030, an ambitious plan that may rely heavily on the advancement of clean technology. Volkswagen will be working to develop advanced…

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Volkswagen embraces hydrogen fuel

Volkswagen is becoming more inclusive with its interests in clean transportation Clean transportation has become a divisive issue in the auto industry. Many automakers have been making battery-powered vehicles for some time now, but a growing number of these companies are beginning to embrace hydrogen fuel cells. Automakers that have been developing battery electrics have little faith in fuel cells, believing these energy systems to be too expensive and inefficient. Those that are developing fuel cell vehicles believe that they will one day dominate the transportation market. Automaker adopts an…

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Volkswagen to launch more than 20 new electric vehicles in China

The launch of green cars will help with China’s serious smog problem. The well known German car brand, Volkswagen AG, is throwing its support behind the country’s go green campaign, an effort to combat the growing air pollution problem in the nation, and will be producing over 20 electric vehicles (EVs) and plug-in hybrid car models for China. The various EV models are set to be available to Chinese consumers by the end of 2018. By 2020, China’s goal is to put 5 million EVs on the road and Volkswagen’s…

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Volkswagen set to develop new electric vehicles

Automaker has plans to compete with fuel cell vehicle makers Volkswagen is growing more aggressive when it comes to clean transportation. The automaker has held a significant interest in electric vehicles for years, but is beginning to see serious competition crop up from the numerous companies that want to produce fuel cell vehicles. These vehicles are equipped with energy systems that consume hydrogen to produce electricity. Fuel cells have become the singular challenger to traditional electric vehicles in the clean transportation space, but Volkswagen is not convinced that these energy…

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