Tesla currently has the lead in the electric vehicle segment with the Model S, Model X and soon the Model 3, but that doesn’t mean it will stay there. Volkswagen believes that it can become the dominant leader in the EV segment by 2025.
VW brand chief Herbert Diess recently stated at the automaker’s headquarters, “Anything Tesla can do, we can surpass,” according to a Financial Times report. “Tesla comes from a high-priced segment, however they are moving down,” Diess continued. “It’s our ambition, with our new architecture, to stop them there, to rein them in.”
Tesla hopes to produce a million electric vehicles a year by 2020, which is five years ahead of VW’s target. VW has teased its new lineup of electric vehicles with three I.D. concepts, but even though the long range EV concepts look promising, we won’t really know if VW will be able to beat Tesla until the first production model debuts. The first of the I.D. concepts to enter production won’t happen until around 2019 or 2020.
Source: Financial Times