Booming in a depressed market, battery-powered vehicles are a plus for the climate but pose a big threat to carmakers and parts suppliers that are slow to change.
The popularity of battery-powered cars is soaring while the overall auto market stagnates, a worldwide trend.
The yawning disparity between the performance of the electric car company and established automakers last year reflects the technological change roiling the industry.
The company’s Lexus brand will only sell electric cars by 2030 in China, Europe and the United States.
Herbert Diess, who angered workers by mentioning the possibility of job cuts, will hand over some authority to a deputy.
Herbert Diess, the chief executive, seeks to cast VW as a dynamic, modern company, but his style risks the ire of its powerful works council.
The United States has about 100,000 public chargers, far fewer than Europe and China. It needs 10 times as many, auto experts say, to complete the switch from combustion engine vehicles.
A push to increase sales of electric vehicles favors companies that already have all-electric cars on the market and could penalize those that don’t.
An electrified highway is theoretically the most efficient way to eliminate truck emissions. But the political obstacles are daunting.
Despite sticker prices in the millions, the storied brand chronically lost money. The Croatian firm Rimac will take a controlling interest.