In a bid to accelerate shift towards battery-powered vehicles, the German automobile manufacturer Volkswagen’s namesake brand expects to more than double the share of fully electric vehicles in total European sales by 2030.
Fully electric cars are expected to account for more than 70 percent of total European vehicle sales by 2030, up from a previous estimate of 35 percent, according to the world’s second-largest automaker, which revealed its ‘Accelerate’ plan.
Mr. Ralf Brandstaetter, who heads the Volkswagen brand and also sits on the group’s management board commented that “With Accelerate we are increasing the speed on our path to a digital future”.
The company said that the share of electric vehicles in China and the United States will grow to 50 percent by 2030, aiming at rivals including US-based Tesla in the race to become the world’s leader in electric vehicle production.
“Of all the major manufacturers, Volkswagen has the best chance of winning the race. While competitors are still in the middle of the electric transformation, we are taking big steps toward digital transformation,” Mr.Brandstaetter added.
Volkswagen is an automaker established in 1937 by the German Labour Front, known for the iconic Beetle and headquartered in Wolfsburg. It is the flagship brand of the Volkswagen group. Popular models of Volkswagen include Golf, Jetta, Passat, Atlas and Tiguan.