VW thumbs nose at Silicon Valley

Volkswagen has set up a fight with the world’s biggest tech hub as it tries to wrest the development of electric vehicles back to Europe.

VW CEO Matthias Muller said Europe needed to take the technological lead in future areas of the automotive sector. “A true breakthrough for electric mobility will only be achieved if politics, society and authorities work together more closely,” he said. “We must not leave this playing field to Silicon Valley.” Muller’s comments followed closely the announcement that VW will create a new division dedicated solely to electric vehicles.