It seems that the electric ambitions of European and American car manufacturers have not achieved the desired results at the expected pace, with Volkswagen being a prime example.

Just two years ago, Volkswagen predicted that electric vehicles would make up 80% of its sales in Europe by 2030. Last year, it announced massive investments of 180 billion euros to develop the next generation of electric models.

However, the sales of the new ID electric cars in Europe have been disappointing, prompting Volkswagen to reconsider its plans. The company decided to allocate 60 billion euros, out of the announced investments, to update and develop internal combustion engines in order to maintain its competitiveness in the market.

This week, Volkswagen's Chief Operating and Financial Officer stated: "The future is electric, but we cannot ignore the past. We will invest a third of our budget to support petrol engines."

Additionally, Volkswagen has decided to retract its goal of stopping sales of internal combustion engine cars in Europe by 2033, due to their enduring popularity, especially in Germany. Meanwhile, the European Union is considering delaying the ban on new petrol and diesel car sales, which was originally set for 2035. This decision has faced sharp criticism from some countries and car manufacturers in recent months.