Volkswagen to overtake Tesla for electric vehicle sales crown – ‘only real contender’

“That may change in 2025 and 2026 as more brands achieve critical mass on new-generation models with proprietary software. 

“There are a number of challenging external factors to consider and bold BEV ambitions have done little to prevent crisis-level valuation multiples, stoked by recession fears, rising interest rates, supply-chain constraints and inflation.”

The German automaker is looking to have a 30 percent EV sales mix in 2023, rising to around 45 percent in 2025.

It is also investing up to €30billion (£25.75billion) into the electric vehicle supply chain.

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By Felix Reeves

Felix Reeves writes all things motoring for the Cars section. He recently completed his BA in Journalism at the University of Kent.

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