Volkswagen vows to dominate electric car market by 2025

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FRANKFURT: German auto giant Volkswagen said Tuesday it is aiming to dominate the electric car market by 2025 as it accelerates the pace to catch up w...

Almost-finished ID.3 electric cars at the end of the assembly line in Volkswagen’s plant in Zwickau, eastern Germany. VW's all-electric ID.3 became the second best-selling car in Europe last December. – AFPPIXGerman auto giant Volkswagen said Tuesday it is aiming to dominate the electric car market by 2025 as it accelerates the pace to catch up with US pioneer Tesla.

One in 10 cars sold in 2020 in Europe were electric ones after Volkswagen put its key model ID.3 on the market. That is fivefold jump from 1.9% in 2019. In 2035, “the majority of cars will have an electric engine and more than 40% will be moving autonomously,“ he said.

 

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