Volkswagen Group is gearing up to make and sell considerably more electric vehicles in North America after U.S. President Joe Biden mapped out a $174 billion plan to accelerate the move to electric cars.
The U.S. administration has created a new proposition for EVs in the market, VW brand development chief Thomas Ulbrich told reporters in Munich.
VW is drafting plans “to realign to this in a massive way,” Ulbrich said. A final decision is set for later this year during the manufacturer’s annual investment review, and the updated U.S. electric-car strategy is currently “being worked out,” he said.