Volkswagen just announced an absurd investment in EVs.
Volkswagen just announced that it will spend 180 billion Euros in its business between now and 2027, with the vast majority of that earmarked for"electrification and digitization." If that sounds like a lot, it is. The figure is significantly greater than what other automakers have thrown into EVs.
That means the company will have a roughly $120 billion war chest to spend on converting its lineup to a highly digital, all-electric fleet. That's a staggering number, and more than double what Ford has set aside for its EV plans. The Blue Oval has committed
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