Volkswagen CEO Plans To Surpass Tesla To Become Leader Of Electric Cars

Posted: May 9 2017, 9:02am CDT | by , in News | Cars & Vehicles

Volkswagen CEO Plans to Surpass Tesla to Become Leader of Electric Cars
  • Volkswagen CEO Believes it can Surpass Tesla as Leader of the Electric Cars

It appears to be the case that both Volkswagen and Tesla Motors are at loggerheads with each other. Volkswagen CEO said, "Anything Tesla can do, we can surpass."

The German automaker known as Volkswagen wants to become a trendsetter and trailblazer in electric cars within an eight years’ time span. Thus it will be giving Elon Musk’s Tesla Motors plenty of trouble when the time is right.

Tesla used to be the only one vehicle maker worth its salt that was into electric cars. Now that Volkswagen has thrown the gauntlet, it will be a whole new ball game.

Anything that Tesla Motors can accomplish, Volkswagen can too. It has full plans of conquering the market and is going to catch up with Tesla in a matter of a few years.

According to Financial Times, Volkswagen executives have reiterated that Tesla used to make expensive cars and now it is about to go for the cheap car segment of the market.

This rival company has full intentions of stopping it before it attains a virtual monopoly. Volkswagen will reach the goal of churning out one million vehicles by the time 2025 arrives. VW has come up with new vehicles of its own to boot.

However, surpassing Tesla Motors will not be an easy job for VW. It will take monumental efforts on the part of the German giant. VW is going to make a $10 billion investment in the next half a decade or so.

As yet, it might be difficult for anyone to take VW seriously. In fact, most analysts take the claims made by the German automaker with a grain of salt. Yet these selfsame analysts may be proven wrong by this huge company provided it keeps its nose to the grindstone.

VW for one is very confident in its abilities. This could be taken to be a sign of hubris or it could be taken as a proactive move that will turn out to be a reality one fine day in the future.

To become a market leader is the dream of VW. The leverage that VW has over Tesla Motors is in the pricing of the vehicles. VW will built very cost-effective cars which will give Tesla a run for its money.

This after all is something in which VW has excelled since eons. Meanwhile VW has plenty of time to weigh its options. The strategy it will employ in order to snatch victory from the jaws of defeat will have to be foolproof.

Currently, Tesla remains on top and that is the bitter reality for VW. All this could change in the future though.

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M. Affan covers the hottest news that captivate the web today.




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