Volkswagen, the renowned German automaker, has set its sights even higher in Europe with a confident outlook on its electric vehicle (EV) offerings. The company has raised its sales target for its Volkswagen brand, aiming for 80% of all new car sales to be electric by 2030. This target was previously set at 70% for 2021 but has now been upgraded, as reported by Automobilewoche.
Volkswagen’s passenger car segment is reportedly performing well within the group, and the company expects the majority of its growth to come from Europe. Meanwhile, the sales targets for China and the US remain at 50%. Volkswagen currently holds the market leader position for EVs in Europe, but the company still has a long way to go to achieve its ambitious goal of 80% by the end of the decade.
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Last year, Volkswagen’s EVs accounted for only slightly above 10% of its total sales. Volkswagen executives have acknowledged that the target is ambitious, with just seven years left to accomplish it. Nevertheless, the goal demonstrates the company’s unwavering commitment to electrification.
To bolster its EV offerings, Volkswagen recently launched a facelifted ID.3 in Wolfsburg and is set to unveil the ID.7 in the coming weeks. Additionally, a smaller EV is reportedly planned for 2025, with a cost of less than 25,000 euros. The popular Tiguan is also set to be electrified by 2026.
As the push towards EVs continues, Volkswagen’s ambitious target for Europe serves as an indication of its strong focus on electric mobility. The company’s commitment to its electrification goals is a reflection of its continued dedication to sustainable mobility.
