June 26, 2022

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Volkswagen boss will sell more electric cars than Tesla by 2025

Volkswagen boss will sell more electric cars than Tesla by 2025

There’s no news that Volkswagen has big plans for electric cars, but on the sidelines of the World Economic Forum in Davos, Chief Executive Herbert Diess on Tuesday was very specific about the goal the German auto giant is working towards.

He replied, “The markets are always about the future.” CNBC He was asked why Tesla’s prices are higher compared to traditional car manufacturers.

Will Tesla pass in 2025?

Tesla is now in the driver’s seat when it comes to electric cars, and it’s probably the most digital car maker already. They do have some advantages, Dees added, but we are constantly aiming to keep up with the pace and possibly move it to electric vehicle sales by 2025.

Figures from the Electric Vehicle Global Sales Database show that Tesla sold 936,000 electric vehicles in 2021, compared to 763,000 Volkswagen.

The head of Volkswagen believes that Tesla can show good results and high returns with what he calls a reliable business model.

— but I think it will also be a little more difficult for Tesla to get ahead now. They are opening new factories and we are trying to keep up. “We believe we will create some momentum in the second half of the year,” he continued.

Brighter for semiconductors?

A lack of critical input factors, particularly battery production, is expected to limit growth in electric vehicle sales this coming year, but Dess believes he sees a pullback in semiconductor supply chains later this year.

– I do not want to say that the semiconductor crisis is coming to an end, but the situation has improved a lot. “I think supply chains are starting to pick up,” he told CNBC.

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Volkswagen was marginally down on the Frankfurt Stock Exchange on Tuesday afternoon, while Tesla was down nearly 3 percent in early trading on Wall Street.