Volkswagen announced its commitment of $7.1 billion over the next five years in the North American region (NAR) to boost its product portfolio, regional R&D and manufacturing capabilities. Scott Keogh,

President and CEO of Volkswagen Group of America, Inc., shared an update on the strategic roadmap with media. By locally integrating its combustion-engine (ICE) and electric vehicle assembly, American-focused engineering, battery know-how, and software development, Volkswagen aims to drive 55% of U.S. sales to be fully-electric by 2030…

Keogh announced that Volkswagen will begin to phase out gasoline-powered vehicles from its American line-up, aiming to exit from sales at the beginning of the next decade, while focusing on the most desirable models. In its place, Volkswagen will advance its electric line-up, including the American-assembled ID.4 in 2022, the ID. Buzz electric microbus in 2024, and new electric SUVs from 2026.