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Volkswagen boosts investment in electric, autonomous car tech to $86 bn

Volkswagen said it would allocate nearly half its investment budget of 150 billion euros on e-mobility, hybrid cars, a seamless, software-based vehicle operating system

Topics
Volkswagen | electric car | Auto makers

Reuters  |  Berlin 



Volkswagen
Volkswagen has said the European Union’s more stringent emissions targets will force it to boost the proportion of hybrid and electric vehicles

has raised its planned investment on digital and electric vehicle technologies to 73 billion euros (65.4 billion pounds) over the next five years as it seeks to hold onto its crown as the world's largest carmaker in a new green era.

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First Published: Fri, November 13 2020. 21:12 IST

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