VW: EV demand in Europe and China will account for 1 million Volkswagen EVs per year by 2025

VW: EV demand in Europe and China will account for 1 million Volkswagen EVs per year by 2025

German automaker Volkswagen (VW) is hopeful that the projected increase in adoption of electric vehicles (EVs) in Europe and China in the coming years will enable the company to beat its targeted EV production of 1 million units per year by 2025.

During the course of a recent interview with Reuters, VW brand’s Electric Mobility chief Christian Senger said that strong regulations in Europe and China for encouraging EV adoption will create sufficient demand to help VW surpass its 2025 yearly production goal of 1 million EVs.

VW presently has efforts underway to support new EVs manufactured to be electric from ground up via its latest MEB platform. The automaker plans to bring a number of new EVs to the market over the next few years, with its first mass-market I.D. electric car scheduled for launch in 2020.

About VW’s target of producing 1 million EVs per year by 2025, Senger told Reuters: “One could argue that we will well exceed the 1 million (target) from the MEB.”

Further asserting that VW projects a much greater EV demand in the next few years than originally expected, Senger said that the automaker’s cycle plan undertaken for forward planning for 15 years points to a situation in which “the markets even want more (electric) cars than we have earmarked.”

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