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Volkswagen: Electric Hybrids Trend That Can't be Reversed

Volkswagen will set aside a 'considerable' amount of its $9.2 billion annual budget researching and developing hybrid, plug-in and electric mobility.

Published: 17-Dec-2012

If 2012 was the year that several companies realised the importance of hybrid and electric vehicles, 2013 will be the year that we see the fruits of their labor.

Volkswagen, initially reluctant to dabble in the plug-in market, is set to launch at least two new high-volume plug-in hybrids over the next few years, and subsidiary Porsche will do likewise, with sporty plug-ins aimed at wealthier customers.

"[Plug-in hybrids are] a long-term trend that can no longer be reversed," said VW electric car chief Rudolf Krebs to Reuters.

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