Audi plans to invest about $19 billion globally in electrification through 2026. The automaker will stop producing internal combustion engine vehicles in 2033.
The Federalist Senior Editor David Harsanyi discusses how Biden is still pushing the EV agenda despite economic crisis on ‘Fox Business Tonight.’
Though Weissland is "pretty confident" in the automaker's ability to fulfill the majority of its EV orders, he expects that supply chain issues will likely persist for the next few years. BIDEN PROMOTES EXPENSIVE ELECTRIC VEHICLES AT AUTO SHOW AMID RECORD INFLATION The company also has roughly 3,500 electric vehicle chargers in the U.S., with plans to increase that number to 10,000 by 2026. The White House, which set a goal for electric vehicles to make up 50% of all vehicles sold in the U.S. by 2030, says auto companies have invested nearly $85 billion in manufacturing of electric vehicles, batteries and chargers in the country since President Biden took office.
President Joe Biden gets into a Corvette during a tour of the Detroit Auto Show, Wednesday, Sept. 14, 2022, in Detroit. Audi's director of sustainability and government affairs, Spencer Reeder, told FOX Business that while any funding that contributes to building out EV charging infrastructure will help transform the industry, he views the $7.5 billion provided by the Bipartisan Infrastructure Law as a "down payment.
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