Volkswagen has a “New Auto” business strategy that will introduce new technology and make electric vehicles more profitable for the group’s brands, according to Auto Express. “The VW Group says that the internal combustion engine market will shrink by more than 20 per cent over the next decade, with EVs expected to overtake ICEs as the leading technology as they reach price parity.” The group wants EVs to account for around 50 per cent of its sales by 2030, and will approach 100 per cent by 2040. (Source: Auto Express) Read the original story…
