VW electric vehicle returns likely to peak from 2026

VW is driving forward the industry’s biggest rollout of electric cars and software, earmarking some 52bil euros (US$56.5bil or RM239.8bil) in investments through 2026. — Reuters

MUNICH: Volkswagen AG sees investments in new software and electric vehicle (EV) technology peaking in the next two to three years, with a goal of making significant returns from battery-powered models from then on.

By 2026, Europe’s biggest carmaker will be making “hardly any” investments in legacy combustion-engine technology, VW chief financial officer Arno Antlitz said in an interview with Sueddeutsche Zeitung.