Diesel is on its way out, battery electric vehicles are on their way in at Volkswagen, and elsewhere. That is the takeaway from a grand announcement of a new Volkswagen strategy, made at Volkswagen’s Autostadt in Wolfsburg, Germany, today.
“Regulations will make conventional fuel engines more and more expensive,” Volkswagen CEO Matthias Müller explained to reporters today, and “EV technology is bound to be getting cheaper and cheaper. When those two lines cross …” Müller did not have to finish the sentence. Everybody in the room understood the inevitable.