Volkswagen's electrification efforts in North America will receive an additional $7.1 billion investment over the next five years, the company announced on Monday.
VW intends to spend that money on "[boosting] its product portfolio, regional R&D and manufacturing capabilities," per a release, in hopes that doing so will help drive 55 percent of its US sales to be EVs by 2030. The company intends to ramp down its internal combustion production capacity over the same time frame, transitioning American assembly plants to produce the ID.4 in 2022, the ID.Buzz in 2024, and a yet-to-be-released SUV starting in 2026.
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VW will invest $7.1 billion in its North American production capacity
23rd March 2022, 10:14
VW will invest $7.1 billion in its North American production capacity 
