TROUBLED VW TURNS TO THE EV

Volkswagen is pegging its fate to a major bet on electric cars

Steve LeVine, October 13, 2015 (Quartz)

“Volkswagen, confronting a daunting threat to its size and prestige, is making a dramatic pivot to electric vehicles. The move has seemed a likely one since mid-September, when the German company was caught running about 11 million diesel vehicles with fake emissions controls…[But it just announced] it will create a standardized electric architecture that can be used in all VW Group vehicles, and is meant to allow travel of 250 to 500 kilometers (156 to 312 miles) on a single charge. The flagship will be a retooled luxury Phaeton, an $80,000 sedan for which VW had planned only diesel and plug-in hybrid versions for the 2018 or 2019 model years. Now, the Phaeton will [challenge the Tesla S as] all-electric…The decision significantly raises VW’s profile in a coming electric-car collision at the end of the decade, when the world’s major carmakers are expected to introduce numerous electric models with lower price points and much better performance than those currently available…” click here for more

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