Hybrid and Electric cars

Volkswagen Invests $40b on Electric Cars

The German carmaker made the announcement this month; it comes after years of recouping from the emissions scandals only a few years ago. The competition just heated up in the electric vehicle market after Volkswagen approved a 34 billion euro ($40 billion) spending plan last week. The money is going towards their efforts to be at the top of the electric car heap worldwide by the end of 2022, acco...

Ford inks $765 million deal to build electric vehicles in China

Ford has agreed to a $765 million joint venture with Chinese car manufacturer Zotye Auto to build electric vehicles in China, CNET reports. Each company has a 50 percent stake in the effort, though the Chinese government still needs to approve the deal. Once complete, they will build the cars in China’s Zhejiang Province. The combination of these two companies is a result of a mandate from the Chi...

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