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Volkswagen plans to phase out gas and diesel engines by 2026

From upi.com

Volkswagen has said it expects its next generation of gasoline- and diesel-powered vehicles to be the last comprised mostly of internal combustion-engine automobiles. The automaker is embarking on an overhaul to make all motors in its 300-model lineup carbon-neutral. It's already begun a rollout of new electric-powered vehicles across its 12 brands, starting with the Porsche Taycan, and has earmarked $50 billion to be spent in the next five years on electric and self-driving cars. Since Volkswagen currently has only one electric vehicle in production, the e-Golf, the company has embarked on a radical program for the ... (full story)

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  • Category: Fundamental Analysis