Automakers are struggling to find a strategy that works for Europe as strict new emissions targets come into play in January – or face billions in fines.
Renault’s electric plug-in compact model Zoe, Tesla’s Model 3, and Volkswagen Group’s battery-powered ID.3 are the up-and-coming players.
VW will be hedging its bets on the car-buying public. The carmaker is aggressively rolling out car-sharing services in parts of Europe that will overwhelmingly feature battery-powered and electric vehicles. The upside is clear: the more BEVs it gets on the road the less likely it is to pay a hefty emissions fine.
Read the article at Fortune.