Hyperdrive
VW’s EV Sales Target Suggests Tesla Gap Could Close This Year
- German giant aims for 6% to 8% of global sales to be EVs
- High end of objective would be in line with Tesla’s outlook
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Volkswagen AG plans to at least double the share of its sales that are fully electric this year, with the high end of its target range suggesting it could come close to Tesla Inc.’s expected global deliveries.
The German carmaker aims for battery-electric vehicles to be 6% to 8% of sales this year, up from about 3% in 2020, according to a presentation by Chief Executive Officer Herbert Diess that was published on VW’s website.