Last week at the Geneva motor show, VW announced plans to break into the expanding electric vehicle market. The German carmaker attended the auto show along with every other major industry player, each of which were showcasing a new hybrid or electric model. Chief executive for the new project, Martin Winterkorn, said that the automaker was hoping the car would expand from zero to three percent in the cars' share portfolio by the year 2018. Along with the electric vehicle announcement, VW also used the show to exhibit several new models including the Seat brand's sporty, all-electric model, the IBE. Other carmakers ... Full Story

