Small electric cars may be unaffordable for some: VW chief
Volkswagen's Supervisory Board Chairman Hans Dieter PÃ¶tsch has said the shift to electric vehicles will make cars more expensive, thereby making it unaffordable for some. "The current price level cannot stay the same if these cars are equipped with electric motors," he added. Volkswagen plans to spend over $50 billion on developing electric cars and other mobility services by 2023.