Advertisement

VW Group targets global electric car sales top spot, but diesel won't go away soon

Volkswagen Group boss Matthias Muller says "diesel will remain indispensable for the foreseeable future"

Volkswagen I.D. - front

Volkswagen Group boss Matthis Muller has said at the Group's Annual General Meeting that his company "[intends] to be the No. 1 in e-mobility by 2025," but that diesel will not go away as part of that plan.

"Conventional engines will remain indispensable for the foreseeable future," he said at the conference. "The internal combustion engine primarily is part of the solution, not part of the problem." 

Advertisement - Article continues below

The VW Group is planning to launch "more than 10 new electrified models by the end of 2018." Muller added that "by 2025, we will be adding over 30 more BEVs."

Last week, Boss Herbert Diess said his brand is targeting 1 million electric car sales by 2025, alongside improvements in profit and productivity.

Announced by Diess at the brand's annual press conference, the intention is for VW to become the "global market leader in e-mobility" within eight years and it seems Tesla is a brand the firm is watching closely. In a response reported by the Financial Times, he said "anything Tesla can do, we can surpass".

Best electric cars to buy now

Advertisement
Advertisement - Article continues below

Tesla, the California-based electric carmaker with big ambitions, sold fewer than 80,000 units last year - although is targeting the same 1m figure as VW in a shorter time, aiming to hit the mark by 2020. Diess states that "leapfrogging cost advantages" from having an established architecture and economies of scale means that VW can "rein them in". 

Volkswagen already has what it called "practical insights into the future of e-mobility" with concept cars such as the I.D., the I.D. Buzz and the I.D. Crozz. All are based on the MEB common electric vehicle platform which will be found beneath the majority of the Group's future battery-powered models.

However, traditional combustion engine cars are still big business and a VW Group SUV product offensive, that is bringing 19 new or updated models, is on target to complete soon. The brand's operating profit for this year has been readjusted from €1.9bn to €1.6bn, which is still some way ahead of Tesla.  

Do you think VW's electric car target is achievable? Will it hit 1m EV sales before Tesla? Let us know in the comments section...

Advertisement
Advertisement

Recommended

VW to pay customer £25,000 following new Dieselgate ruling
Volkswagen

VW to pay customer £25,000 following new Dieselgate ruling

Volkswagen has lost a landmark court case in Germany and must now pay significant compensation
26 May 2020
Volkswagen Golf, Polo, Passat set to die in all-electric markets
Volkswagen

Volkswagen Golf, Polo, Passat set to die in all-electric markets

Famous VW nameplates make way for ID models only in markets that only sell electric cars
14 May 2020
VW emissions scandal: VW installed ‘defeat devices’ in thousands of cars, High Court finds
VW Emissions scandal update 2
Volkswagen

VW emissions scandal: VW installed ‘defeat devices’ in thousands of cars, High Court finds

The UK’s High Court has ruled that VW installed devices to cheat emissions tests in thousands of its cars
6 Apr 2020
Mountune52 releases Volkswagen Golf GTI boost
Volkswagen

Mountune52 releases Volkswagen Golf GTI boost

VAG division of Mountune announces Stage 2+ performance boost for Mk7 and Mk7.5 Volkswagen Golf GTI
31 Mar 2020

Most Popular

New Peugeot 3008 could morph into a coupe-SUV in 2022
Peugeot 3008

New Peugeot 3008 could morph into a coupe-SUV in 2022

Peugeot’s next-generation 3008 looks set to receive a radical redesign in two years’ time, evolving into a style-focussed coupe-SUV
13 Jul 2020
SEAT Leon vs Volkswagen Golf vs Ford Focus
Family hatchbacks

SEAT Leon vs Volkswagen Golf vs Ford Focus

The Ford Focus, Volkswagen Golf and SEAT Leon are all long established hatchbacks - we find out which is best among the latest crop
11 Jul 2020
New 2021 BMW iX3 SUV plugs in with 285 miles of electric power
BMW iX3

New 2021 BMW iX3 SUV plugs in with 285 miles of electric power

Electric version of popular X3 SUV lands next year with 150kW charging and long-distance efficiency promised
14 Jul 2020