Audi wants to reduce its costs by up to 10 billion euros (12 billion dollars) by 2022 in order to finance its fleet of electric vehicles.

Deutsche Zeitung Handelsblatt reports that Audi is working on five all-electric models and will bring the first to the market next year. In the form of the e-Tron SUV, it will mean a new era in the illustrious history of the German car manufacturer, but will not be cheap for the company.Sources suggest that despite the high costs associated with his EV program, Audi wants to keep an 8 percent operating income per year and intends to cut down most of the planned $ 12 billion by researching it

Audi’s new all-electric concept vehicle, the E-tron Sportback, made its debut at the Shanghai auto show today. And in addition to being super