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Volkswagen and Audi begin to challenge Tesla

Volkswagen (VLKAF) It sold 231,600 battery electric cars in 2020, according to figures released by the company on Wednesday, while sales are still less than half. Tesla (TSLA) That made it a 214% increase last year and shows that Germany’s large auto industry is beginning to challenge the electric vehicle leader.

“We are ready to achieve our goal of leading the battery electric vehicle market,” Volkswagen Passenger Cars CEO Ralf Brandstätter said in a statement on Tuesday.


7;s most popular battery electric vehicle is the new ID.3, which sells 56,500, a compact e-Golf sale and a smaller e-up! At 41,300 and 22,200 respectively, Audi, the group’s luxury brand, sold 47,300 e-tron SUVs and sportbacks, while customers bought 20,000 electric Porsche Taycans.

Sales of electric and conventional hybrids have also increased.Volkswagen sold 190,500 plug-in hybrids last year, up 175 percent from 2019.

“2020 is a turning point for Volkswagen and a breakthrough in electric mobility,” Brandstätter said.

However, Tesla still has some formidable challenges, the Elon Musk-led company achieving its goal of building 500,000 cars by 2020, reported earlier this month. Production and deliveries rose more than a third from 2019 levels, an impressive gain, especially considering the company’s Fremont, Calif. plant was closed for nearly two months due to the outbreak. It is building a factory in Germany after another opening in China in 2019.
Investors have rewarded Tesla by making it one of the world’s most valuable companies at $ 805 billion.Tesla’s market capitalization is eight times more than Volkswagen, although the German company makes about 19 times more than cars.

Volkswagen has said it plans to invest 35 billion euros ($ 43 billion) in electric vehicles by 2025, and 2020 sales figures suggest customers are starting to respond. The manufacturing giant intends to launch around 70 pure electric vehicles by 2030 to compete with Tesla.

A train with electric vehicles is located in front of the Volkswagen plant in Zwickau.The company is building its first electric SUV at the factory.
Other German automakers are joining the race. BMW (BMWYY) There were 44,530 battery electric vehicles sold in 2020, a 13 percent increase from last year and more than 148,000 plug-in hybrids. Daimler (DMLRY) Mercedes-Benz sold more than 160,000 plug-in hybrids and pure electric vehicles last year.

The electric growth comes even though the outbreak has pushed overall industry sales backward.Volkswagen Group sold 9.3 million vehicles in 2020, down 15% from the previous year, but said its shipments were down just 3.2. % In December due to rebounding demand

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Volkswagen is trying to prove that automakers, who have spent just a few years cheating regulators to sell polluting diesel engines, can produce electric cars people want to buy and that policymakers will accept as they deal with. Climate crisis

Making significant penetration in certain markets In Norway, where financial incentives make most electric cars cheaper than similar petrol models, the Audi e-tron leads the 2020 sales, surpassing Tesla’s Model 3.

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