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Read The Full Article On: BusinessinsiderNo automaker that makes gas-powered cars has announced electric-vehicle investment plans as ambitious as Volkwagen’s.

By 2023, Volkswagen says it will spend over $30 billion on electric vehicles, a sum roughly equal to the company’s combined profitsfrom 2015 through 2018. By 2030, Volkswagen intends for electric vehicles to comprise 40% of its global sales.

Read The Full Article On: Businessinsider

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