Volkswagen Group Will Spend $200 Billion To Boost Its EV Business

TL;DR

Compared to its last annual update, the Volkswagen Group will increase spending by 13 percent, with the biggest lump of the investment – 68 percent – going towards EVs and software development, and with the group expecting every fifth vehicle sold worldwide to have an all-electric powertrain by 2025Compared to its last annual update, the Volkswagen Group will increase spending by 13 percent, with the biggest lump of the investment – 68 percent – going towards EVs and software development, and with the group expecting every fifth vehicle sold worldwide to have an all-electric powertrain by 2025

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