Volkswagen core brand to accelerate electric vehicle shift

Volkswagen core brand to accelerate electric vehicle shift

The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car deale
 The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium on Jul 9, 2020. (Photo: Reuters/Francois Lenoir)

FRANKFURT: Volkswagen's namesake brand plans to more than double the share fully electric vehicles have in total European sales by 2030, the company said on Friday (Mar 5), in a bid to accelerate the carmaker's shift towards battery-powered cars.

Fully electric vehicles are expected to account for more than 70 per cent of total European vehicle sales by 2030, compared with a previous target of 35 per cent, the world's second-largest carmaker said as it unveiled its "Accelerate" strategy.

"With Accelerate we are increasing the speed on our path to a digital future," said Ralf Brandstaetter, who heads the Volkswagen brand and also sits on the group's management board.

Source: Reuters/zl

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