Quantcast
Powered by RebelMouse

Volkswagen Bets on Electric Cars After Dieselgate

Climate Nexus
Jun. 17, 2016 08:05AM EST

Volkswagen will invest 10 billion euros ($11.2 billion) in electric vehicles, ride-hailing and automated driving. Calling this “the biggest change in process in the company's history," the German carmaker hopes electric cars would make up 20-25 percent of its annual car sales by 2025.

The Volkswagen BUDD-e Concept has a vast range of cutting edge technologies and features. The small, crossover-like van—which will almost certainly never be built—is intended to showcase the brand's upcoming electric vehicle plans.

The development comes amidst hundreds of court cases against Volkswagen for systematically cheating on emissions tests of its diesel cars. A court deadline to finalize the terms of the settlement was extended to June 28. “There is a lot more to Volkswagen than diesel,” CEO Matthias Müller told reporters.

For a deeper dive: Bloomberg, Wall Street Journal, LA Times, Forbes, BBC, Reuters, New York Times

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

YOU MIGHT ALSO LIKE

Here’s How We Get to 100% Renewable Energy

Will Norway Ban Sales of Gas-Powered Cars by 2025?

1 Million+ Electric Cars Are Now on the World’s Roads

BMW South Africa Unveils Solar Carport to Charge Electric Vehicles

featured transportation

EcoWatch Daily Newsletter

sugar

What Nutritionists Think About Starbucks’ Three New Plant-Based Drinks

Health + Wellness
A Starbucks barista prepares a drink at a Starbucks Coffee Shop location in New York. Ramin Talaie / Corbis via Getty Images

By Cathy Cassata

Are you getting your fill of Starbucks' new Almondmilk Honey Flat White, Oatmilk Honey Latte, and Coconutmilk Latte, but wondering just how healthy they are?

Read More
vegan sugar food public health
toxics

1982 American Petroleum Institute Report Warned Oil Workers Faced 'Significant' Risks From Radioactivity

Health + Wellness
Radiation warning sign at the Union Carbide uranium mill in Rifle, Colorado, in 1972. Credit: National Archives / Environmental Protection Agency, public domain

By Sharon Kelly

Back in April last year, the Trump administration's Environmental Protection Agency decided it was "not necessary" to update the rules for toxic waste from oil and gas wells. Torrents of wastewater flow daily from the nation's 1.5 million active oil and gas wells and the agency's own research has warned it may pose risks to the country's drinking water supplies.

Read More
oil and gas oil gas cancer radioactive public health waste petroleum drinking water toxics
Sponsored
greta thunberg

Greta Thunberg Punches Back After Treasury Secretary Mnuchin Jabs at Her Youth

Politics
Swedish climate activist Greta Thunberg takes part in a "Friday for Future" youth demonstration in a street of Davos on Jan. 24, 2020 on the sideline of the World Economic Forum annual meeting. FABRICE COFFRINI / AFP via Getty Images

Treasury Secretary Steven Mnuchin pretended not to know who Greta Thunberg is, and then he told her to get a degree in economics before giving world leaders advice, as The Guardian reported.

Read More
greta thunberg fossil fuels climate crisis trump administration renewable energy
air pollution

Wildfires in Western Canada Created Air Pollution Spikes as Far Away as New York City

Climate
The Visible Infrared Imaging Radiometer Suite on the Suomi NPP satellite acquired this image of forest fire smoke hovering over North America on Aug. 15, 2018. NASA Earth Observatory

New York City isn't known for having the cleanest air, but researchers traced recent air pollution spikes there to two surprising sources — fires hundreds of miles away in Canada and the southeastern U.S.

Read More
air pollution wildfires public health childrens health cancer
big banks

Climate Crisis May Cause the Next Financial Crisis

Climate
If temperatures continue to rise, the world is at risk from global sea-level rise, which will flood many coastal cities as seen above in Bangladesh. NurPhoto / Contributor / Getty Images

The mounting climate emergency may spur the next global financial crisis and the world's central banks are woefully ill equipped to handle the consequences, according to a new book-length report by the Bank for International Settlements (BIS), as S&P Global reported. Located in Basel, Switzerland, the BIS is an umbrella organization for the world's central banks.

Read More
climate crisis financial crisis climate emergency sea-level rise flooding droughts extreme weather big banks