Electric vehicle (EV) sales are booming, but it seems Volkswagen's financials won't be reaping the same rewards just yet. In a recent statement, the German automaker revealed that its electric vehicles are unlikely to match the profitability of combustion engine models until at least 2030. This prediction comes as a surprise to many, as EVs have been gaining popularity worldwide, driven by governments' push for cleaner energy and consumers' growing environmental concerns. With significant investments in EV technology and infrastructure, Volkswagen is banking on a long-term strategy to offset the initial losses and eventually surpass its traditional engine profits.
VW says EVs will lag combustion profits until 2030 Automotive News
