ANL 10.66 Decreased By ▼ -0.62 (-5.5%)
ASC 9.50 Decreased By ▼ -0.50 (-5%)
ASL 10.60 Decreased By ▼ -0.40 (-3.64%)
AVN 69.10 Decreased By ▼ -3.20 (-4.43%)
BOP 5.94 Decreased By ▼ -0.12 (-1.98%)
CNERGY 5.21 Decreased By ▼ -0.31 (-5.62%)
FFL 6.55 Decreased By ▼ -0.25 (-3.68%)
FNEL 6.10 Decreased By ▼ -0.18 (-2.87%)
GGGL 11.45 Increased By ▲ 0.13 (1.15%)
GGL 15.44 Decreased By ▼ -0.98 (-5.97%)
GTECH 9.30 Decreased By ▼ -0.62 (-6.25%)
HUMNL 6.36 Decreased By ▼ -0.49 (-7.15%)
KEL 2.54 Decreased By ▼ -0.16 (-5.93%)
KOSM 2.99 Decreased By ▼ -0.06 (-1.97%)
MLCF 28.60 Decreased By ▼ -1.06 (-3.57%)
PACE 2.97 Decreased By ▼ -0.13 (-4.19%)
PIBTL 5.95 Decreased By ▼ -0.15 (-2.46%)
PRL 15.10 Decreased By ▼ -0.26 (-1.69%)
PTC 6.79 Decreased By ▼ -0.24 (-3.41%)
SILK 1.02 Decreased By ▼ -0.05 (-4.67%)
SNGP 25.95 Decreased By ▼ -1.50 (-5.46%)
TELE 10.26 Decreased By ▼ -0.89 (-7.98%)
TPL 8.92 Decreased By ▼ -0.40 (-4.29%)
TPLP 16.02 Decreased By ▼ -1.03 (-6.04%)
TREET 30.21 Decreased By ▼ -1.34 (-4.25%)
TRG 74.00 Decreased By ▼ -1.67 (-2.21%)
UNITY 21.80 Decreased By ▼ -0.76 (-3.37%)
WAVES 12.53 Decreased By ▼ -0.65 (-4.93%)
WTL 1.47 Decreased By ▼ -0.08 (-5.16%)
YOUW 4.91 Decreased By ▼ -0.33 (-6.3%)
BR100 4,235 Decreased By -87.1 (-2.02%)
BR30 14,457 Decreased By -576.5 (-3.83%)
KSE100 42,760 Decreased By -745.4 (-1.71%)
KSE30 16,287 Decreased By -251.6 (-1.52%)
Business & Finance

Volkswagen aims for half of vehicle sales to be electric by 2030

  • At Volkswagen, which aims to overtake Tesla as the world's largest electric vehicle (EV) maker by 2025, battery EVs accounted for just 3% of global sales last year.
13 Jul, 2021

WOLFSBURG: Volkswagen said on Tuesday it expected battery electric vehicles to account for half of its global vehicle sales by 2030, as Europe's largest carmaker prepares to phase out combustion engine cars.

The target is part of Volkswagen's 2030 strategy, which the group unveiled ahead of a huge package of climate policies Brussels plans to announce on Wednesday, possibly including a de facto ban of petrol-based vehicles from 2035.

At Volkswagen, which aims to overtake Tesla as the world's largest electric vehicle (EV) maker by 2025, battery EVs accounted for just 3% of global sales last year.

Musk arrives at trial over Tesla's $2.6bn deal for SolarCity

"We set ourselves a strategic target to become global market leader in electric vehicles - and we are well on track. Now we are setting parameters," Chief Executive Herbert Diess said.

Volkswagen sees strongest first-half U.S. sales since 1973

Volkswagen, whose brands include Audi and Porsche, last month said it would stop selling gas-guzzlers in Europe by 2035 and somewhat later in China and the United States as part of its shift towards EVs.

Comments

Comments are closed.