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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/6\/28\/23186289\/vw-sells-minority-stake-electrify-america-siemens-ev-charging<\/a> Volkswagen sold a minority stake in its electric vehicle charging division, Electrify America, to Siemens in a deal that values the company at $2.45 billion. The two companies are jointly investing $450 million to double the number of Electrify America charging stations in the US and Canada by 2026. (The news was first reported by The Wall Street Journal<\/em><\/a>.)<\/p>\n The news comes amid a spike in EV sales in the US \u2014 although they still only represent a fraction of overall car sales. It also comes as the Biden administration, fueled with $5 billion in funding as part of the president\u2019s infrastructure plan<\/a>, embarks on a plan to build 500,000 EV chargers by 2030. <\/p>\n
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