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VW Latest to Target EV Heavy Truck Market

Move poses another threat to Tesla.

by on Oct.12, 2017

Volkswagen will be competing with the likes of the Nikola One heavy-duty rig, which will be able to travel up to 1,200 miles on a tank of hydrogen.

Volkswagen plans to invest about $1.7 billion to develop a new range of high-tech trucks, much of that going into the development of battery-based vehicles, the maker said today.

VW becomes the latest on a growing list of manufacturers planning to develop electrified trucks, something that could pose yet another challenge to battery vehicle maker Tesla. The California-based company is developing an electric semi-truck, though it has again delayed the introduction of a prototype until next month due to problems with the launch of its new Model 3 battery-sedan.

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The German company has already committed to spending about $20 billion on electrifying a broad range of its passenger car line-up, and it says it now sees tremendous opportunities on the truck side. Working with affiliate Navistar International, it hopes to introduce an electric medium-duty truck in North America by late 2019 or early 2020, according to VW Truck & Bus chief Andreas Renschler. (more…)