Volkswagen CEO Herbert Diess said he believes his company will surpass Tesla in most electric vehicle sales by 2025.
This three-year target is in line with Volkswagen’s plan to have all European sales electric by 2035.
Diess said in a CNBC interview, “Tesla is the leader right now when it comes to electric vehicles, they’re also probably the most digital car company already, and they have some advantages.”
Diess said that mitigating supply chain issues in the coming months will likely help Volkswagen win over Tesla.
“We think that we will provide momentum in the second half of the year,” said Diess.
Global events like the Russian invasion of Ukraine and the pandemic are accelerating the global transition to electric driving.
Manufacturing giants have more difficulty obtaining genuine parts from manufacturers who meet the supply demand of the public.
Electric vehicles have been the only vehicle type that has sustained and increased its sales during the pandemic.
CNN Business reports that global sales of battery electric vehicles increased to 4.5 million in 2021 from 2.1 million in 2020.
But it’s not all downhill for EV manufacturers like Tesla.
Battery and semiconductor chip supply shortages are expected to pose an ongoing challenge to EV growth in the coming years.
According to the New York Times, leading automakers reported a drop in semiconductor chip production of around 40% as a result of these bottlenecks.
Diess announced that he expects the semiconductor supply market to recover in mid-2022.
Semiconductor chips enable essential functions in electric vehicles such as safety functions, power management and displays.
Electric vehicles contain more semiconductor applications than their internal combustion engine counterparts.
https://www.the-sun.com/motors/5409258/volkswagen-overtake-tesla-by-2025/ Volkswagen tells Tesla it wants to OVERTOP Musk’s company to become the world’s largest seller of electric vehicles by 2025