Automakers

EVs are the future, but combustion era 'is not over,' VW CFO says

VW ID4 Visual check Zwickau Germany plant Arc 2024
Through four months, full-electric models have accounted for 22 percent of VW Group’s sales in Europe, led by the VW ID4, shown here during production in Zwickau, Germany. (VW)
June 05, 2024 04:01 AM

Volkswagen Group has declared it aims to keep a firm foothold in the combustion car sector despite the industry’s ongoing move toward electrification. The move comes amid dwindling demand for battery-electric vehicles.

Staying current is easy with newsletters delivered straight to your inbox.