🚚🔋🚚VW Investing $1.7B in Electric Trucks & Buses🚚🔋🚚 Volkswagen to invest $1.7 billion in electric truck technology
VW’s trucks chief Andreas Renschler, speaking on the sidelines of a company event in Hamburg on Wednesday said Volkswagen will invest 1.4 billion euros ($1.7 billion) in new technologies including electric trucks and buses by 2022.
Renschler said the money will go toward electric drives, autonomous vehicles and cloud-based systems in its Truck & Bus division. This latest move will add to VW's
push into electric cars, announced in September. Renschler also told
Reuters a spin-off of VW's truck business still remains an option. He added that to spread the costs, U.S. affiliate Navistar International Corp. will adopt the electric drivetrain.
There are 110 12-meter all-electric buses equipped with Microvast fast charge batteries “ready to go” in Lianyungang, China. Three "fast" combined: "Fast Traffic Track + fast charge + fast charging stations.
Microvast
Commercial electric trucks market booming The market for commercial electric trucks and buses has been heating up around the globe. As
CleanTechnica pointed out last month, the electric bus market is booming in China. And now it appears that the U.S. and Europe are beginning to rev up their electric truck programs, moving from pilot projects to taking orders. One European company, Streetscooter, a fully-owned subsidiary of Deutsche Post DHL Group, is beginning to electrify whole fleets of delivery trucks. And then, there's the
Clean Climate Group. They have been instrumental in getting a number of large corporations to agree to electrify their own fleets through a new plan called the EV100 program.
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