Volkswagen sold 231,600 battery electric vehicles in 2020, representing a 214 percent on-year increase to mount a challenge to Tesla.
According to Ralf Brandstätter, CEO of Volkswagen Passenger Cars, the company is on track to achieve its aim of becoming the market leader in battery electric vehicles.
Volkswagen sold 56,500 units of its most popular battery electric vehicle, the ID.3. It also sold 41,300 units of the compact e-Golf and 22,200 of the e-up! model.
Audi, Volkswagen's luxury brand, sold 47,300 e-tron SUV and sportback models. There were also 20,000 electric Porsche Taycans sold.
In Norway, where 54 percent of EVs were sold, VW overtook Tesla.
Volkswagen has said it plans to invest $43 billion in electric vehicles by 2025.
Sales of hybrid vehicles, which use both electricity and conventional fuels, also increased, with Volkswagen selling 190,500 hybrids last year, a 175 percent jump from 2019.


Almonty Industries Shares Jump 8% After Stifel Sets $25 Target
Tesla Semi Rollout Begins at Nevada Factory
US Appeals Court Upholds Anthropic AI Supply Chain Ban
Novo Nordisk Strikes €1.17 Billion Nanexa Drug Delivery Deal
SpaceXAI to Double Nvidia Chips at Colossus 2 by Year-End
EQT Plans €1.7 Billion Sale of Parques Reunidos Stake
Airbus Finds A321neo Fuselage Quality Issue
SoftBank Shares Fall as Oracle Flags Stargate Data Center Delay Risk
OpenAI Agent Breaches Australia Medicare Data Portal
Select Water Solutions Shares Surge on $700 Million Pilot Water Deal
Dubai’s connectivity remains strong in an uncertain world
Oura IPO Draws Strong Demand Ahead of $2.2 Billion Offering
Suzuki Targets Faster Car Development to Keep Pace With Chinese Rivals
Oracle Shares Fall as New Mexico AI Data Center Faces Power Delays
Former OpenAI Data Center Chief Chris Malone Joins Nvidia
Jeff Bezos Invests $32 Billion in Blue Origin as Space Firm Targets Major Growth
BlackBerry Shares Rise as Q2 Earnings, Revenue Beat Estimates




