CGX car nut:

The Wall Street Journal today has an article that Volkswagen and General Motors are ramping down on hybrids to concentrate on EVs, at least for the U.S. market.   What is a staggering is the amount of investment in EVs over the next five years: $225 billion over 200 new vehicles.  The rate of transition is happening faster than anticipated and major Tier One suppliers like Continental are shifting investment to EV components too.  

 

Not surprised. VAG bet BIG on EV.

Most of the components for hybrids applies to EV, battery, motor, wiring, etc. Easy transition when they already have the knowhow.


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