Volkswagen Group expects 8 in 10 passenger cars to be EVs by 2030 after boosting sales target
Volkswagen Group has announced a revised target for its EV sales goal for Europe by 2030. The revised target builds upon the Group’s 2021 Accelerate electrification strategy and pertains specifically to its Volkswagen passenger car marque to help expedite the pace of EV adoption.
Although it hasn’t been without its fair share of issues (mainly in the software department), Volkswagen Group has seen tremendous sales growth in the EV market on the wings of high demand for its ID lineup of vehicles.
A seemingly insatiable appetite for zero-emissions vehicles around the globe helped the German automaker reach its 500,000 ID delivery target a year early, leading some analysts to believe Volkswagen will eventually surpass market leader Tesla in sales as early next year.
All that said, the automaker is only getting started. All of its decisions in the EV world date back to its Accelerate electrification strategy first introduced back in 2021. One of the key figures laid out in Volkswagen’s strategy was targeted EV sales around the globe. For instance, then Group shared its intentions to have 70% of all sales be fully-electric in Europe by 2030 and 50% in the US and China.
As the Group launches a slew of new and revamped EV models under its Volkswagen passenger cars brand, it looks to set an even higher bar in Europe.
Volkswagen ups EV sales target in Europe to 80% by 2030
While other German automakers are spinning their combustion dependent wheels warring with the EU commission over a complete ban of new fossil fuel vehicles by 2035, Volkswagen Group is doing the opposite and doubling down on its electrification targets.
Thomas Ulbrich, who lead’s Volkswagen passenger cars’ New Mobility business, recently shared the revised EV sales target for Europe, up from 70% originally laid out in the 2021 Accelerate strategy. 80% is now the most ambitious EV sales target of all the Group’s marques which also include Audi, Skoda, and Seat/Cupra. Ulbrich recently said the following to Automobilwoche:
The Volkswagen brand has always been at the forefront of these issues in the group and we feel obliged to set our targets so high.
Ulbrich is the first to admit this revised EV sales target is ambitious as BEV sales accounted for just over 10% of Volkswagen passengers cars’ total in 2022. Still, Ulbrich relayed that the revised target in Europe further demonstrates the Group’s commitment to its electrification strategy (in Europe at least). Its EV sales targets will remain at 50% by 2030 in the US and China… at least for now.
Looking ahead, Volkswagen passenger cars if launching a refreshed version of its ID.3, the ID.7 (seen above) will get a “near-production” unveiling next week, and an all-electric version of its ever-popular Tiguan SUV was recently announced for 2025. Models like this will be imperative in the future as Volkswagen looks to hit its revised EV sales target.
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With its tire-blistering acceleration and record-setting performance, the Xiaomi SU7 Ultra has been getting attention throughout the auto industry, impressing everyone who’s seen it. That “everyone” now seems to include the OG supercar brand, itself.
CarNewsChina posted pictures from a Weibo user that reportedly show a Xiaomi SU7 Ultra exiting the storied Ferrari factory in Maranello, Italy. According to a Chinese blogger going by 西米露在博洛尼亚 (which seems to translate to “Sago Dessert in Bologna”), the prancing horse brand is actively benchmarking the Chinese hypercar for its own upcoming EV.
The SU7 Ultra was definitely coming from inside Ferrari’s facility. After verification, we learned this specific vehicle was officially purchased by Ferrari for testing, and the development of their next-generation electric platform.
Yet another Chinese auto blogger, 苏黎世贝勒爷, claims that Ferrari representatives visited Xiaomi headquarters last year, allegedly to discuss the joint development of next-generation high-performance EV motors.
The Xiaomi SU7 Ultra made its debut last year, promising 1,548 hp, sub 2.0-second 0-60 mph times, and a top speed well over 200 mph – all at a price lower than a Tesla Model S Plaid or Porsche Taycan Turbo GT. The car sold out almost immediately after it was unveiled, racking up some 50,000 orders almost overnight.
The new electric benchmark
In the automotive world, “benchmarking” is a process in which car companies systematically tear down each others’ competitive products to compare everything from sound insulation, vehicle ride and handling, component materials, and even manufacturing methods against their own or against other industry leaders. The goal is to evaluate performance, cost, quality, and other key metrics, effectively figuring out “where they stand” in the market.
If Ferrari really did buy an SU7 to benchmark it against their own upcoming electric supercar, it’s more than just a curiosity – it could mean that the highest tiers of automotive innovation have shifted from West to East. Maybe forever.
Featured image via Xiaomi; sources throughout the post.
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We’re finally getting our first teases of the upgraded 2027 Chevy Bolt, built on GM’s battery/motor platform formerly known as Ultium. So far, so good for the vehicle, which will be revealed later this Fall.
Chevy took to social media today to tease the 2027 Chevy Bolt, saying, “You asked, we listened. The #ChevyBolt is back and better than ever. More this fall. 👀”
Chevy ended the original Bolt program with the 2023 model, which was loved by a loyal group of customers (including myself). Some of the major gripes, including charging speed and rear brake lights, already look to be addressed. Also, a new more aggressive fascia is debuting.
Electrek’s take
GM has done an incredible job keeping the 2027 Bolt under wraps. It will be the first GM vehicle with a native NACS port after the Cadillac Optiq-V, which we spied in Seattle last week.
Hopefully, the new Bolt will have improved charging speeds over and above the 54kW that previous Bolts adhered to. One possible downgrade is that the old Bolt’s amazing wireless CarPlay/Android Auto system will likely be replaced by GM’s move to Android’s built-in experience. For a few years, the Chevy Bolt was the most affordable long-range EV, and it won our 2022 Electrek car of the year for its versatility and price.
I would, of course, like to see the new Bolt as a hot hatchback, but GM CEO Mary Barra has hinted that it will likely take more of the EUV’s SUV form factor. Things like AWD options, SuperCruise, pricing, power and range are yet to be revealed, but stay tuned to Electrek for the latest on Bolt developments.
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On today’s test-acular episode of Quick Charge, it’s a new day and a new Chinese ADAS test for Tesla to conquer – but this one’s got a LOT more pedestrian carnage to parse through! We’ve also got some great e-bike deals from Retrospec and a bladder-busting Hyundai.
Today’s episode is brought to you by Retrospec – the makers of sleek, powerful e-bikes and outdoor gear built for everyday adventure! To that end, we’ve got a pair of Retrospec e-bike reviews followed up by the updated Hyundai IONIQ 6 with nearly 350 miles of range from its updated long-range battery. With that, Hyundai now has the longest range Korean EV on the market, while Texas is adding megawatts of battery energy storage to beef up its troubled grid, and it’s doing so faster and cheaper than ever before.
Plus: Quick Charge listeners can get an extra 10% off the price of their next awesome e-bike by using code ELECTREK10 at retrospec.com!
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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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