Volkswagen Aims to Use Its Size to Head Off Tesla

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https://www.nytimes.com/2021/03/15/business/volkswagen-electric-cars-tesla.html

Source: By Jack Ewing, The New York Times. 

Excerpt: Volkswagen is going all in on electric cars, …. ...the German carmaker staged a so-called Power Day to showcase its latest electric car technology. ...The session included a number of attention-getting announcements, including a promise that Volkswagen would cut the cost of batteries by up to 50 percent by the end of the decade, while slashing charging time to 12 minutes. That would make electric cars cheaper than gasoline vehicles and just as convenient. Volkswagen also unveiled plans to build six battery factories in Europe in joint ventures with suppliers. And by 2025, the company said, it would have 18,000 charging stations on the continent operating in conjunction with energy companies including BP. The British oil producer said it would offer charging at its filling stations.... 

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