Late to the Battery-Car Race, VW Says It Can Still Blunt Tesla
- I.D. Neo hatchback targeted at Europe to begin sales in 2020
- Four electric vehicles worldwide to be rolled out by 2023
Electric Cars Seen Dominating by 2040
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Volkswagen AG will start deliveries of its first standalone battery-powered models in 2020, around the time that Tesla Inc. wants to hand over 1 million vehicles a year. So why does the German carmaker think it can stop the U.S. electric-auto pioneer in its tracks?
What Volkswagen lacks in first-mover advantage, the Wolfsburg-based company can make up in global scale and manufacturing expertise, says Herbert Diess, who oversees the carmaker’s namesake brand. VW today is the world’s biggest automaker, a long yearned-for status it grabbed from Toyota Motor Corp. last year, and Diess wants to claim another crown by making electric vehicles accessible to mass-market buyers, he said in an interview.