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.