VW To Fund Car Charging Network

Volkswagen to spend $2 billion to build a competitor to Tesla’s Supercharger network in the U.S.

This removes Tesla’s single most important competitive advantage in electric cars.

This capital investment also includes a hydrogen fueling network for fuel-cell cars.

GM and Nissan are the main near-term beneficiaries of this giant gift from Volkswagen.

Toyota, Hyundai, Honda and Mercedes also send Volkswagen thank-you letters for funding the hydrogen car future.


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