Volkswagen core brand to accelerate electric vehicle shift

Volkswagen's namesake brand plans to more than double the share fully electric vehicles have in total European sales by 2030, the company said on Friday, in a bid to accelerate the carmaker's shift towards battery-powered cars.

FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois LenoirFRANKFURT: Volkswagen's namesake brand plans to more than double the share fully electric vehicles have in total European sales by 2030, the company said on Friday, in a bid to accelerate the carmaker's shift towards battery-powered cars.

Fully electric vehicles are expected to account for more than 70per cent of total European vehicle sales by 2030, compared with a previous target of 35per cent, the world's second-largest carmaker said as it unveiled its 'Accelerate' strategy."With Accelerate we are increasing the speed on our path to a digital future," said Ralf Brandstaetter, who heads the Volkswagen brand and also sits on the group's management board.

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