Volkswagen Group CEO: High Energy Cost Make New EV Plants “Unfeasible” ...Middle East

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Volkswagen Group CEO: High Energy Cost Make New EV Plants “Unfeasible”
source : OILPRICE ( Middle East ) () 70
We've already written this month about how the "tax break" incentive to buy an EV is starting to vaporize into thin air in places like Japan and the U.K. Now, the irony continues, as rising costs of energy in Europe, helped along by "green" energy policies, are making industrial projects like battery cell factories "unfeasible".  Volkswagen brand CEO Thomas Schaefer said this week that investments in German and EU projects will no longer make financial sense if "policy makers fail to control ballooning energy prices in the long-term", according…

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