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Volkswagen wants half of its vehicle sales to be electric by 2030

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Technicians work in the final inspection line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021.

Matthias Rietschel | Reuters

Half of Volkswagen’s sales are expected to be battery-electric vehicles by 2030, the German carmaker said Tuesday.

By 2040, the company said almost 100% of its new vehicles in major markets should be zero-emission vehicles.

Those objectives are part of Volkswagen‘s wider aim to be fully carbon neutral by 2050.

The firm said it would work on developing software to help boost profits as it focused on transitioning its vehicles from internal combustion engines to operating on batteries.

Volkswagen has earmarked 73 billion euros ($86.4…



Source cnbc.com

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