Volkswagen has stated that it will invest $193 billion in electrification

Volkswagen has stated that it will invest $193 billion in electrification

For the time being, the automaker will continue to produce petrol vehicles while working to expand its EV lineup with more models, including affordable ones priced around $26,000. However, Volkswagen’s chief financial and operating officer, Arno Antlitz, spoke about the company’s future direction: “We must evolve into a technology and mobility services company. We need to focus on our platforms, such as our hardware for battery-powered electric vehicles, a unified software stack, batteries, mobility, autonomous driving.”