Hyperdrive
Germany’s Scholz Lauds VW’s Move Into Cheap EVs as ‘Very Good’
- Car manufacturer aims at developing a €20,000-model from 2027
- Chancellor wants nation to remain global player in the sector
Olaf Scholz speaks at the East German Economic Forum in Brandenburg, Bad Saarow, on June 2.
Photographer: Monika Skolimowska/picture alliance/Getty ImagesThis article is for subscribers only.
German Chancellor Olaf Scholz praised the move by Volkswagen AG to develop electric cars to be priced in Europe from €20,000 ($21,696) as “very good.”
“We are the country with the most powerful car industry in the world, and we want to remain a global player,” Scholz said at the East German Economic Forum in Bad Saarow near Berlin on Sunday.