VW aims for 'margin parity' on some EVs by 2025

VW ID2 all — The ID2all concept previews a small EV that VW believes will deliver a significant margin. (NICK GIBBS)

By:

Reuters

May 18, 2023 11:21 AM

MUNICH – Volkswagen Group Chief Financial Officer Arno Antlitz said rising battery material costs mean it will be 2025 before the automaker achieve the same profit margins on electric vehicles as it does on combustion models.

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