Germany, Europe's biggest economy and the most reliant on Russian gas imports, has witnessed industrial output fall due to high energy costs caused by shortages. Notably, Volkswagen says that EV battery plants are ‘practically unviable’ in EU due to soaring energy costs.
Volkswagen's CEO stated that due to rising energy costs, electric vehicle battery facilities in the European Union are "practically unviable" at the present.
According to Thomas Schaefer, Chief Executive Officer of Vo...
