Volkswagen aims for half of vehicle sales to be electric by 2030
The Peninsula
WOLFSBURG, Germany: 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.
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