VW’s EV sales target suggests Tesla gap could close this year
Christoph Rauwald
Bloomberg
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.
In this Monday, Sept. 9, 2019, file photo, CEO of Volkswagen Herbert Diess introduces the new VW ID.3 at the IAA Auto Show in Frankfurt, Germany.
VW sold more than 9.3 million vehicles worldwide last year. If deliveries are flat in 2021 – a conservative assumption – and 8% of sales are EVs, the company will sell roughly 745,000 battery-powered autos. Tesla delivered almost 500,000 cars last year and expects more than 50% growth in 2021, implying it will hand over at least 750,000 vehicles.
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