The automaker Audi plans to spend almost half of its investments on electric and hybrid vehicles in the next five years. Audi announced that of the planned research and development work and investments in fixed assets amounting to 35 billion euros, 10 billion euros are allocated for electric cars and five billion euros for hybrids.
Audi's parent company Volkswagen announced in mid-November that it would enter the race with Tesla for the leading role in electromobility with a huge budget of 73 billion euros. In the next five years, the world's largest car manufacturer is investing 35 billion euros in new electric cars.
Markus Duesmann, Audi boss, want to convert Volkswagen into a mobility group that offers digital services in addition to electric vehicles and self-driving cars. Audi is to develop a cross-brand premium electric platform together with Porsche and at the same time use the group technology of the modular electrification kit (MEB).
Audi plans to expand its e-cars portfolio to around 30 models by 2025, around 20 of which are battery-powered vehicles.
In recent months, the framework conditions for a quick ramp-up of electromobility have deteriorated dramatically due to a shift in interest rates, inflation, and growing costs for batteries, automobiles, and electricity. According to the… Continue reading
The silence of electric cars bothers the European Union. The EU fears that risks may arise for the safety of those on the road, especially pedestrians, who might find themselves distracting or crossing the road when an electric car arrives. Therefore,… Continue reading
Honda has been marketing its first electric automobile on the old continent since 2020, with the Honda e, a tiny car explicitly designed for Europe. In the coming years, the Japanese seek to progressively electrify their portfolio, including… Continue reading
Electric Vehicle (EV) giant BYD (Build Your Dreams) has set its sights on a new market – Greece. On March 22nd, 2024, the company officially debuted its electric cars in the Greek market, marking a… Continue reading
