Volkswagen and Audi are starting to challenge Tesla
The world's largest carmaker is starting to gain ground on Tesla.Volkswagen (VLKAF) sold 231,600 battery electric vehicles in 2020, according to figures published by the company on Wednesday. While that's still less than half the number of sales Tesla (TSLA) made, it represents an increase of 214% on the previous year and shows Germany's huge auto industry is beginning to mount a challenge to the leader in electric cars.
"We are well on track to achieve our aim of becoming the market leader in battery electric vehicles," Ralf Brandstätter, CEO of Volkswagen Passenger Cars, said in a statement on Tuesday.
Sales of hybrid vehicles, which are powered by electricity and conventional fuels, also increased. Volkswagen sold 190,500 plug-in hybrids last year, a jump of 175% over 2019.
"2020 was a turning point for Volkswagen and marked a breakthrough in electric mobility," Brandstätter said.
https://edition.cnn.com/2021/01/13/business/volkswagen-tesla-electric-cars/index.html
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