Volkswagen to make electric versions of all models by 2030

Volkswagon 2016 electric car.
(Image credit: David Becker/Getty Images)

Volkswagen announced Monday that all of its 300 models will be available in electric versions by 2030. The company, the world's largest automaker, is investing nearly $23 billion in the effort.

The German carmaker will also roll out 80 new electric cars across its brands, which include Audi, Bentley, and Bugatti, by 2025. Previously, Volkswagen had hoped to make just 30 new electric cars by then.

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