Volkswagen CEO said that they could sell more electric cars than Tesla. However, it may be challenging to do so.
Volkswagen CEO Herbert Deiss believes that they can sell more electric cars than Tesla by 2025. However, VW will face a tough road ahead to reach this goal as Deiss admitted that their rival Tesla was stronger than expected.
During the FT Future of the Car 2022 Conference last Monday, Deiss said: “It will be a tight race, but we won’t give up on it,” he added “I have to say we didn’t expect our main U.S. competitor to be so fast and well-prepared,” –according to Reuters.
Deiss said that VW can potentially surpass Tesla and become no. 1 globally by 2025. He pointed to VW’s broader product range, encompassing luxury and premium cars and volume brands.
It will indeed be a tough challenge for Volkswagen. Tesla already has a larger capacity than any automaker in the market. There are already reports on expanding its Gigafactory Shanghai and Gigafactory Berlin.
However, VW can still contest Tesla as they have shown remarkable first-quarter results. With an increase of 65% in EV deliveries compared to last year, it also earned a sales revenue of 62.7 billion euros.
During the first three months of the year, Volkswagen delivered 99,100 electric vehicle units, while Tesla delivered over 310,000 electric vehicle units.