Volkswagen AG has formed a new subsidiary to manage the $2 billion it is required to spend over the next decade in support of zero-emission vehicles in the U.S. The company, Electrify America LLC, will invest in the construction and maintenance of electric vehicle charging stations, including a “high-speed, cross-country” network of more than 200 fast-charging stations for electric cars. It will also install more than 300 chargers in 15 U.S. metropolitan areas and fund “brand-neutral” advertising campaigns to promote awareness about electric cars, among other activities, the company announced Tuesday.
Category: Volkswagen AG
Press Digest – Wall Street Journal – Jan 11
Jan 11 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
VW Taps Hippie Heritage With Electric Microbus Amid Revamp
Volkswagen AG unveiled a battery-powered version of its iconic hippie-era Microbus as the carmaker overhauls its U.S. lineup to move beyond its emissions-cheating scandal. The latest iteration of the van, a concept dubbed the I.D. Buzz, is part of the VW brand’s strategy to deliver 1 million electric vehicles annually by 2025.