Author: Theo Dupont

Theo Dupont is a European electric vehicle industry journalist at evmagz, specializing in coverage of the German and wider European Union EV markets, where policy, manufacturing, and infrastructure intersect at the fastest pace of transformation.

Volkswagen

Volkswagen Sets €160 Billion Investment Plan Through 2030 as Global Pressures Mount

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Volkswagen Group plans to invest €160 billion ($186 billion) through 2030, Chief Executive Oliver Blume said, underscoring a tightening of spending as Europe’s largest carmaker faces mounting pressure in its two most important overseas markets, China and the United States. The updated figure reflects a continued scaling back of capital deployment. Volkswagen had outlined €165 billion for the 2025–2029 period and €180 billion for 2024–2028, with 2024 previously described as a peak investment year. The adjustment comes as the automaker grapples with higher trade barriers in the United States and intensifying competition in China, both of which have weighed on…

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