VW Group CEO Herbert Diess says the transition to EVs is going as fast as it can
Diess highlighted the German conglomerate's investment in six battery manufacturing plants in Europe at a cost of2-3 billion each as an example. Late last week, the company confirmed that it would build one of these facilities in Spain to supply batteries to production lines building“Our goal is to be the world leader in EV sales by 2025.
We have a very ambitious plan to achieve that and have invested hugely to achieve it, but some analysts aren't taking the amount of effort required to achieve our goals seriously enough,” said Diess.to top EV sales by 2025, adding: “It will be a tight race. I have to say we didn’t expect our main US competitor to be so fast, and there's a step-change coming in their manufacturing capabilities, but we have more brands, from premium to mainstream, so we will keep the ambition.
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