Volkswagen’s top executive in South Africa said uncertainty about power supply is limiting its ability to expand.
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V2G charging lets EV owners charge at overnight off-peak rates then sell power back to grids at a profit during peak hours.
For German luxury car makers, being first to fail is proving valuable when it comes to electric vehicles.
Chinese rivals and Tesla are exposing competitive weaknesses at Europe’s biggest mass-market car makers.
Volkswagen said its battery start-up has seen promising results with solid-state cells for electric vehicles.
Oil giant Exxon Mobil plans to become one of the biggest suppliers of lithium for electric vehicles.
Europe’s car makers have a fight on their hands to produce lower-cost electric vehicles and erase China’s lead.
Porsche will spend more than €20-billion to equip models with top-line electric and digital technology to bolster returns.
Tesla’s stock tumbled nearly 10% on Thursday after CEO Elon Musk signalled the electric vehicle maker will keep cutting prices.
Having just unveiled the ID. 2all, Volkswagen is already making plans for an even cheaper EV.