#Mckinsey

Seven years from now, commercial and industrial autonomous vehicles could set a path toward a a future where the cityscape and beyond are radically changed.

Volkswagen AG execs will have to go back to the drawing board to determine where to cut costs after its works council demanded outside consultants be shown the door.

A study by consulting firm McKinsey says that the cost of the lithium-ion batteries used in electric vehicles could tumble by as much as 70 percent by 2025, thanks to a combination of factors.