German automotive giant Volkswagen unveils $193 billion investment plan for EVs

SalesHigh Tech / High TouchMoney MattersElectric Vehicles
Written By Jennifer Joslyn

💰 German automotive giant Volkswagen unveils $193 billion investment plan for EVs. 

Meant to be spread out over five years, the plan to invest nearly $200 billion in the electrification transition comes on the heels of a 13% increase in operating profit year-over-year. Delivery numbers declined 7% due to “supply chain and logistics issues”, but Volkswagen seems to be banking on its electrification and digitalization plans. CEO Oliver Blume highlighted the company’s ambitious targets and strong financial position as a reason to keep up with the rapidly evolving energy and economic market.

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Jennifer Joslyn
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