#vwevs

Volkswagen hasn’t given up on its electrification plans, but it plans to shift some of its EV-designated funds to continue developing gas engines. Company Chief Financial Officer Arno Antlitz said the automaker would spend around $65 billion to “keep our combustion cars competitive.”

The 2025 Volkswagen ID.7 will be here soon, and the automaker recently outlined specs for the upcoming electric sedan. VW will offer it in two configurations with up to 335 horsepower and said that pricing details will be available closer to the vehicle’s launch in the third quarter of this year.