VW is preparing for an EV future

Reuters is reporting that VW is preparing to announce its strategy to deal with the disruption EVs are causing to its business.

Under the plans, several of the car plants currently making petrol and diesel cars will switch to making only EVs. We wonder if it will be too little, too late. Over half a million Germans are employed in manufacturing internal combustion cars and EVs require a lot less labour. They don’t need the factories dedicated to manufacturing engines either, and VW has the largest of these in Europe, at Kassel.  

VWs deliberations come at a time when even their own politicians are abandoning them; Cologne and Bonn  joined the list of German cities which will ban diesel cars.

The decline of the internal combustion engine could be happening faster than we thought.

You can read the Reuters story here.