The Volkswagen Group is aiming to further accelerate its electrification efforts with a commitment to invest €180 billion (£158bn) in the next five years, with the majority spent on electrification and software development.
The car giant – whose brands include Audi, Cupra, Porsche, Seat, Skoda and Volkswagen – sold 8.3 million vehicles in 2022, with 7% of those battery-electric. But 16% of its current order book of 1.8 million vehicles are EVs, and it anticipates that such models will account for a fifth of its global sales by 2025.
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