If any company dreams of dominating the world market, the best approach is to launch new products. This is what Volkswagen has does. The customers will also get an updated ID3, which would deliver fast charging times. They are trying their best to become the global leader in the EV market and take the sales to a new level. And from the efforts that we have seen so far and all the initiatives, there is a great chance that it can happen.
Even though the company predicted that EVS would make up 32% of their total sales at the end of the decade, the CEO says they are looking to raise this target. He says that there is a great chance that their electric vehicles can make up to 53% of their totals sales by the end of this decade. Well, we would have to wait 10 years to see if it happens, and we are willing to.
This high confidence is after the ID3 is launched and also the ID4 is unveiled, which is also available for sale in china, the company’s largest single market. So, it’s a great push for the company and it would help them with their ambitions.
The targets from the brand show the increasing number of countries, most of which have set dates to switch to zero-emission-only new cars, so it helps them with their EV plans. The group has committed to spending £63 billion on electric, digital, and technology developments in the next five years. The car has been developed and engineered in the virtual environment to provide extreme performance, high-speed stability, and traction.
According to the engineers, this project has allowed them to re-evaluate everything and create a car that’s more effective on a wide range of tracks.
Even though Volkswagen is putting a lot of focus on electric vehicles, it has not forgotten combustion-engined models. It is committed to launching new models in the coming years.