Volkswagen will look to reduce its portfolio of internal combustion engine vehicles, while speeding up the development of a compact electric vehicle that could cost less than $36,000 and could be launched as early as 2023, Bloomberg reported on Friday, quoting sources with knowledge of the German carmaker’s plans. Like all auto manufacturers, Volkswagen is looking to catch up with Tesla and other EV makers amid expectations that electric car sales everywhere in the world will continue to rise, also aided by the net-zero emissions targets…
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