Best time to build an EV factory in US, says VW

This month, the German manufacturer moved ahead with plans for a US$2bil (RM8.95bil) factory in South Carolina to produce electric sport-utility vehicles (SUVs) as part of Scout Motors Inc. — Bloomberg

NEW YORK: Volkswagen AG (VW) says lucrative US incentives for electric vehicle (EV) makers were just too good to pass up when weighing whether to pick a partner or build its own factory for the new Scout brand.

This month, the German manufacturer moved ahead with plans for a US$2bil (RM8.95bil) factory in South Carolina to produce electric sport-utility vehicles (SUVs) as part of Scout Motors Inc.