Electric Vehicles Segment Will Offer Nearly 60 Options by 2022

German automobile majors Daimler AG and Volkswagen are putting in serious effort and funds for development of electric vehicles.

Volkswagen to invest over 20 billion euros to boost e-car production

In a bid to accelerate its shift to zero-emission vehicles, German auto giant Volkswagen is mulling plans to invest more than 20 billion euros (US$24bn) in electric vehicles by 2030.

Carmakers announce interesting ‘Scrap’ deals to promote new and efficient models

The drive to cut the number of gasoline or diesel-powered cars on public roads continues to gather momentum as more and more carmakers are announcing ‘scrap’ deals on older vehicles.

Peter Altmaier Urges German Automobile Giants to Compete with Tesla Motors

Peter Altmaier, the chief of staff in Angela Merkel government has urged German automobile majors to compete with Tesla Motors.