Volkswagen, a major German car maker, has announced plans to make at least 70% of the cars sold in Europe electric cars by 2030, clarifying its stance of putting it at the center of its business strategy.
On the 5th, Volkswagen announced a plan to make at least 70% of the cars sold in Europe under the Volkswagen brand, which is the core of the group, electric vehicles by 2030.
By doubling the previous target, the company plans to introduce more than one new electric vehicle to the market every year in order to achieve it.
In addition, the company aims to make 50% of the vehicles sold in the United States and China into electric vehicles by 2030.
In Europe, where environmental regulations for cars are tightening, Jaguar Landrover of the United Kingdom will make "Jaguar" an electric car only brand in 2025, and Volvo Car of Sweden will make all cars sold by 2030 electric cars I am announcing.
Under these circumstances, Europe's largest Volkswagen has also shown a strategy to accelerate the shift to electric vehicles, which will intensify sales competition.