Volkswagen looks for significant returns from electric mobility by 2026, CFO says

Asian Tech Press (Jan 30) -- Volkswagen looks to make significant returns from electric mobility in 2026, CFO said.

Volkswagen Group predicted that investments in new software and electric vehicle technology will peak in the next two to three years.

In an interview with Sueddeutsche Zeitung, Volkswagen CFO Arno Antlitz said that by 2026, Volkswagen will "hardly" invest anything in conventional combustion engine technology, and that the company aims to make significant returns in the electric mobility sector from then on.

In addition, he said that new cars will be more expensive, but that car sales would be no longer the most important thing in itself.

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