VW to Roll Out Electric Trucks, Buses in $1.7 Billion Push
- Passenger transport, local deliveries seen propelling demand
- Commercial-vehicle chief says improving batteries will be key
VW Says It's Going Full-Steam Ahead on Electric Models
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Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing public concerns about air quality boost demand.
The Volkswagen Truck & Bus division will invest 1.4 billion euros ($1.7 billion) in new technology including electric drivetrains, autonomous systems and cloud-based software, Andreas Renschler, head of the unit, said Wednesday in an interview in Hamburg. To help spread the costs, U.S. affiliate Navistar International Corp. will adopt the electric drivetrain.