Previously, Volkswagen planned on electric vehicles accounting for 35 percent of its European sales by the year 2030. However, as part of its new “Accelerate” strategy that the automaker just revealed, Volkswagen’s electrification plans have, well, accelerated greatly, and now it plans on EVs making up 70 percent of its total sales in Europe by 2030.
Meanwhile, Volkswagen’s electrification plans in the U.S. and China include obtaining a market share of over 50 percent for all-electric vehicles by 2030, which would mean overtaking Tesla, which currently controls 69 percent of the market. However, as we saw last month, the launch of the Ford Mustang Mach-E cut into that market share significantly.
Volkswagen has a number of all-electric models either already on sale or on the way in the coming years to help it meet these goals. That includes the ID.3 in Europe, as well as the ID.4, which just launched in the U.S. and China. The ID.4 GTX, ID.5, and ID.6 are all in the works as well. In addition, the automaker is currently developing a flagship electric sedan that rides on its new Scalable Systems Platform, which will launch in 2026.
Volkswagen isn’t the only automaker accelerating its electrification plans in both Europe and across the globe. The automaker’s new partner, Ford, recently announced that it would double its EV investment to $22 billion through 2025, and will sink an additional $1 billion into the Ford Cologne Assembly Plant as it plans to go all-electric in Europe by 2030 – a move that Volkswagen CEO Herbert Diess publicly praised.
Ford and VW’s partnership is also expected to spawn a Ford-built mid-size pickup to replace the Ford Ranger and VW Amarok, a VW Caddy-based city delivery van built by Volkswagen, a one-ton van produced by Ford, a new VW Transporter van, and a European Ford EV built on VW’s MEB platform. Altogether, the two automakers expect these joint projects to produce up to 8 million units.