Volkswagen plans ‘electric offensive’ against Tesla

        November 16, 2018 New York Post | United States | electric vehicles: sales

German carmaker Volkswagen announced a $50 billion investment in the next 5 years in an “electric offensive” after a reported failed buyout of Tesla. The plan is to make 50 all-electric models by 2025, beginning in 2020 with an EV as low as $23,000, undercutting the niche-end Tesla. In 2017 Q3, VW made 2.8 million cars compared to Tesla's 53,000.