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Volkswagen has announced their next-generation of gas and diesel engines, launching in 2026 will be its last. “Our colleagues are working on the last platform for vehicles that aren’t CO2 neutral. We’re gradually fading out combustion engines to the absolute minimum,” said Michael Jost, strategy chief for Volkswagen. The German automaker has set aside $50 billion over the next five years to begin transforming itself into an electric car builder. The first rollout is beginning very soon with the Audi e-tron SUV and Porsche Taycan. By 2030, Volkswagen is planning to have more than 300 electric versions of cars, vans, trucks, and motorbikes. But the fading out of gas and diesel engines isn't going to be a quick thing. Jost said that Volkswagen would continue to "modify its combustion engine technology," in the coming years after the new platform for "vehicles that aren’t CO2 neutral". After 2050, Volkswagen may still be offering some gas and diesel models in places "where there is insufficient charging infrastructure." Source: Bloomberg