Goodbye Gas-Guzzlers
One of the world’s largest carmakers is going all-in on electric vehicles.
According to a Reuters story, Volkswagen’s strategy chief, Michael Jost, told attendees at the Handelsblatt automotive summit conference on Tuesday that the company will launch its last generation of gas-powered cars in 2026. After that, he said, it will focus on EVs.
The Future’s Electric
The announcement is one more sign of VW’s commitment to cleaning up its environmental act.
In November 2017, it announced plans to spend $40 billion on EVs and hybrids in the hopes of becoming the world leader in electric mobility by 2025. Currently, it sells just one all-electric vehicle, the e-Golf, but the company already has several others in the works, with plans to roll those vehicles out beginning in 2020.