January 10th, 2022
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#59
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Senior Member
Join Date: May 2018
Posts: 37,525
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Quote:
VW and Toyota take aim at Elon Musk’s Tesla with $170B investment in EVs
By Ariel Zilber
January 5, 2022
Watch out, Elon: Volkswagen and Toyota have you in their sights, with both announcing Wednesday major new investments in electric vehicles to compete against market-leader Tesla.
Chrysler, too, said it would aim for an all-electric fleet.
As environmental concerns — and high gas prices — take center stage, more people are turning to electric cars, and legacy automakers are looking to get in on the action in a bigger way — putting up a challenge to Musk’s Tesla, which has 79 percent of the EV market in the US, according to data-tracker IHS.
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https://nypost.com/2022/01/05/vw-and...stment-in-evs/
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