Volkswagen

Volkswagen To Be the #1 Electric Car Maker by 2030

A report from consulting and research firm Wood Mackenzie claims that German automotive maker Volkswagen is on its way to being the world’s largest manufacturer of electric cars by 2030. This is a major prediction since Volkswagen is currently the 10th largest manufacturer of battery electric vehicles, also known as BEVs. What The Report Says According to the report, Volkswagen will produce about 14 million BEVs by 2028. The expected figure is considerably lower than Volkswagen’s own target that is to produce at least 22 million electric cars by 2028. According to analysts at Wood Mackenzie, the company’s target looks quite unrealistic in the current scenario. Given the current and expected size of the market, the company will have to capture 53% of the global market by 2028 to be ab...