EVs are the future, but combustion era 'is not over,' VW CFO says

VW ID4 Visual check Zwickau Germany plant Arc 2024 — Through four months, full-electric models have accounted for 22 percent of VW Group’s sales in Europe, led by the VW ID4, shown here during production in Zwickau, Germany. (VW)

June 05, 2024 04:01 AM

Volkswagen Group has declared it aims to keep a firm foothold in the combustion car sector despite the industry’s ongoing move toward electrification. The move comes amid dwindling demand for battery-electric vehicles.

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