Volkswagen CEO Says EV Margin Parity With ICE Vehicles Will Be Reached In “2 To 3 Years”
Ever since the forced adoption of EVs by governments worldwide, all eyes have been on when the electric vehicles would finally make economic sense to produce.
According to Volkswagen, that milestone is still years away, but is moving closer. CEO Herbert Diess said at the company’s annual general meeting this week that its EVs would see margins at the same level of combustion cars “in two to three years”.