The Vizzion Concept is set to become the fourth model in the new Volkswagen I.D.EV-based sub-brand.

Automakers have accelerated investment in electric vehicles, according to a new report from BMI, the London-based research arm of the investment rating firm, the Fitch Group.

The public relations crisis around diesel engines, the attractive image of pure EV brands and the growth of the demand for pure EVs in China and Europe have helped push the investment in electric vehicles, the report said.

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The figures compiled by BMI also show that electric vehicles account for a significant share of total investment within the auto industry.  (more…)