Volkswagen CEO Herbert Diess on the race to electric, the chip shortage and Elon Musk
CNN
CEO Herbert Diess wants electric cars to make up half of the Volkswagen Group's sales in 2030, and 100% of its sales in major markets should be zero-emission by 2040. To achieve those goals, he has to dramatically shift one of the world's largest carmakers away from the internal combustion engine.
Diess spoke to CNN Business from the International Motor Show in Munich, where Volkswagen (VLKAF) unveiled the ID. LIFE concept car, sketching out a vision for a fully electric small family car that will cost roughly €20,000 ($23,720). Diess spoke to CNN Business' Anna Stewart on Monday:
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