Volkswagen brand CEO Thomas Schaefer: investments in German and EU projects will no longer make financial sense if policy makers fail to control ballooning energy prices.
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Last week, French and German economy ministers proposed an outline for policy cooperation that Schaefer claims “falls short in crucial areas and does not address the envisaged priorities”, the report says. Meanwhile, Volkswagen is in the process of putting 6 battery factories in operation across Europe by the year 2030, the report says. The company's lead plant in Germany broke ground this July and already has a €3bn joint venture with Umicore in place for cathode material production. from electric vehicles, shattering the years-long assumption that if you contributed to"helping the environment" by buying an EV, you'd be entitled to subsidies and tax credits.
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