Could Volkswagen Be a Top EV Stock by 2025?
Volkswagen (OTC: VWAGY) was the second-largest carmaker by volume in the world last year. The established German automaker, like its peers, realizes that the future of transport is electric. Seeing the writing on the wall, Volkswagen is investing heavily toward electrification.
Let's discuss if the company can succeed in its ambition of becoming a leading electric vehicle (EV) manufacturer by 2025.
Of the 8.9 million vehicles that Volkswagen sold in 2021, 5.1% were battery electric vehicles (BEVs). That was roughly 452,900 BEVs. For perspective, Tesla sold around 936,000 vehicles last year.
Source Fool.com
