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VW announces $84 billion investment in electric cars and batteries

VW announces $84 billion investment in electric cars and batteries

Date: 2017-09-14

Volkswagen has announced that it is investing $84 billion investment in electric cars and batteries.

VW is aiming to bring 300 electric vehicle models to the market by 2030. Volkswagen CEO Matthias Mueller said at the event tonight: “A company like Volkswagen must lead, not follow.

We have got the message and we will deliver. This is not some vague declaration of intent.”

“It is a strong self-commitment which, from today, becomes the yardstick by which we measure our performance.”

Previously this year, VW revealed how they want to overtake Tesla to become the biggest electric vehicle company in the world.

As well as the three already announced I.D electric cars, VW will also bring multiple EVs to the market under its other brands such as Audi and Porsche.

The German manufacturer looks to be trying changing the face of the company after the diesel cars emissions scandal emerged in September 2015.