Volkswagen expects to beat their stated target of selling 1 million electric cars by 2025, a senior manager said, citing solid demand in China and Europe, as well as untapped potential in the southern hemisphere.
Volkswagen’s push into volume production of electric cars comes as rival Tesla struggles to scale up manufacturing of its Model 3, which is also aimed at the mass market.
After its emissions scandal broke in 2015, Europe’s largest automaker by sales unveiled an ambitious plan to become a world leader in green transport and deliver 1 million electric VW-brand electric vehicles (EVs) a year by 2025, based on a platform called MEB.
Efforts by China, the world’s largest auto market, to tackle air pollution have helped trigger a surge of investment into the EV sector, cutting battery prices while raising the German brand’s optimism on the appeal of the technology.
“One could argue that we will well exceed the 1 million (target) from the MEB,” Christian Senger, head of electric mobility at the Volkswagen (VW) brand, said.