The world largest car maker, Volkswagen, has set a target to sell one million electric cars annually by 2025, with sales in the mainland Chinese market being a key driver of that growth.
“We will launch four families of electric cars by 2025 and the Chinese mainland will be the single largest market,” Jürgen Stackmann, head of global sales and marketing for Volkswagen Passenger Cars, told the South China Morning Post.
Stackmann said the shortage of infrastructure, especially the shortage of battery charging stations, would be “solved very soon”.
“I am not at all worried about this issue as the Chinese government has a long term commitment to make [electric car development] happen in the country,” he added.
Chinese brands put some pressure on us, but I don’t think they can cut prices to levels we cannot bear
Volkswagen will begin delivery of its first electric car by 2020 – the same time frame Tesla plans to ship one million vehicles a year. However, the Wolfsburg, Germany-based VW thinks it can stop the US electric-auto pioneer Tesla.
Herbert Dies, who oversees Volkswagen’s namesake brand, said in Frankfurt that the German company has the abilities that Tesla doesn’t have today.