VW to Drop Fossil Fuels, Spend $7.1B on Products, R&D and Manufacturing in Canada, Mexico and US

Volkswagen’s ID.4 electric SUV at Volkswagen Chattanooga Plant – March 2022

Ken Zino of AutoInformed.com on VW to Drop Fossil Fuels, Spend $7.1B on Products, R&D and Manufacturing in Canada, Mexico and US

Scott Keogh, President and CEO, Volkswagen Group of America said that Volkswagen will begin to phase out gasoline-powered vehicles from its American line-up, aiming to completely exit from internal combustion sales at the beginning of the next decade, while focusing on the most desirable models. In its place, Volkswagen will advance its electric line-up, including the American-assembled ID.4 in 2022, the ID. Buzz electric microbus in 2024, and new electric SUVs from 2026. In all, Volkswagen Group brands plan to introduce more than 25 new battery electric vehicles (BEVs) to American consumers through 2030.

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