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Volkswagen Walks Back EV-or-Bust Strategy That Rankled Rivals
CEO Oliver Blume is turning to hybrids and striking partnerships as EV sales slow.
Volkswagen AG CEO Oliver Blume.
Source: /BloombergThis article is for subscribers only.
Volkswagen AG’s all-in on electric vehicles plan is no more.
The namesake VW brand, which pitched its ID family of electric cars as central to its future, admitted last week it will need more plug-in hybrids as EV sales decelerate.