Volkswagen just gave electric trucks a huge jolt

Volkswagen's commitment to electric vehicles just got even larger, both in its scope and the size of the vehicles.

Volkswagen Group, the parent company of big-name automakers like VW, Audi, and Porsche, just outlined plans to electrify bigger vehicles like trucks and busses. VW Truck & Bus division head Andreas Renschler told Bloomberg the Group will commit 1.4 billion euros (about US$1.7 billion) by 2022 to develop EV drivetrains and other tech, along with autonomous systems and cloud-based fleet management.

The news came during Volkswagen Group'sInnovation Day event in Hamburg, Germany, which showcased the latest developments from the Truck & Bus division. The heavy-duty vehicles expand VW's EV offerings beyond the buzzy Microbus and sporty Tesla-killer concepts we've seen from its brands thus far. Read more...