Remove 2020 Remove Auto Industry Remove Hybrid Remove Oil Prices
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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. Volkswagen had begun exploring hybrid and electric drive technology in the 1990s. Volkswagen had begun exploring hybrid and electric drive technology in the 1990s. in pure electric vehicles in 2020. Earlier post.).

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Can Electric Vehicles Speed Up As The Economy Slows Down?

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Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. Moreover, EVs are not only proving to be more robust amidst an auto industry in decline, but they are also already displaying some signs of recovery.

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