Volkswagen's premium carmaker Audi aims to phase out combustion engines and offer only electric cars in 10 to 15 years, at the latest, German weekly WirtschaftsWoche reported, citing no sources.
The company is currently working on a concrete time plan and expects to have target dates in the coming months for the phase-out at individual plants, it said.
It cited Audi Chief Executive Markus Duesmann as saying in an interview that "protection of the environment and economic success go together well".
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.