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Thursday 16 March 2023
Honda & Volkswagen Accelerate EV Plans
Honda and Volkswagen this week announced plans to ramp up their conversion to electric vehicles. Honda is moving production around to clear factory space for its forthcoming EVs, while Volkswagen says it is committed to investing more than $193 billion worldwide over the next several years.
It is a turbulent time to be manufacturing automobiles. Inflation, interest rates, and the cost of energy are soaring while geopolitical tensions over the fate of Ukraine and Taiwan remain high, but these companies have to manufacture or die.
Read the whole story on cleantechnica.com