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The target is part of Volkswagen (DE:VOWG_p)’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 (NASDAQ:TSLA) as the world’s largest electric vehicle (EV) maker by 2025, battery EVs accounted for just 3% of global sales last year.
“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, 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.
