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Msg  124435 of 125138  at  11/27/2020 8:03:30 AM  by

rlp2451


Volkswagen raises electric vehicle targets in Europe

 

Volkswagen raises electric vehicle targets in Europe

Nov. 27, 2020 7:06 AM ETVolkswagen AG ADR (VWAGY)By: Clark Schultz, SA News Editor
  • Volkswagen (OTCPK:VWAGY) is planning to develop a small electric car for the mass market, according to Reuters.
  • The German automaker is looking to be well positioned for a new green era under its Small BEV (Battery Electric Vehicle) program.
  • The new all-electric EV models is said to around the size of a Polo and cheaper than Volkswagen's ID.3 electric car, which went on sale in September and blew past Tesla (NASDAQ:TSLA) and Renault (OTC:RNSDF) models to become the best selling electric car in Europe in October
  • Volkswagen execs have said that the European Union's more stringent emissions targets will force it to boost the proportion of hybrid and electric vehicles in Europe to 60% of production by 2030 from a previous target of 40%.
  • The VW brand currently plans to build 1.5M electric cars by 2025.


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