Announced at the company’s annual general meeting last week, the Volkswagen Group (VW Group) plans to commit $130 billion towards electrification and digitization, from its total investment of $193 billion until 2028. Since its last five-year plan in 2018, the VW Group’s financial commitment to electrification has increased from 56% of its total investment, to 68% until 2028. $16 billion of this investment has been earmarked specifically for investment into the company’s battery supply chain and the sourcing of raw materials. Last year EVs made up 7% of the Volkswagen Group’s vehicle deliveries, this amounted to around half a million EVs, half of which sold through the Volkswagen brand through its ID.3 and ID.4 models which accounted for nearly 270,000…