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Electric Cars

Volkswagen Moves Into Electric Car Market

22 March 2021

Volkswagen Moves Into Electric Car Market

Volkswagen announced bold new plans last week to expand its electric car range, open six battery factories to power their cars, launch its own operating system and become Europe’s second-biggest software company. The announcements boosted investment in Europe's largest carmaker; stocks rose by nearly 20 percent in Frankfurt, and its American depository receipts rose dramatically as well.

The company has invested $42 billion in electric technology, apparently to catch up with Tesla; Tesla has a market value of $625 billion, despite selling only half a million electric cars, while Volkswagen has a market value of only $170 billion, despite selling 9.3 million cars.

Investors are taking a second look at other traditional automakers, too. Shares of both General Motors and Ford have gained roughly 45 percent so far this year as executives have unveiled more details about their electric ambitions. All three companies are good examples of established companies finding new ways of doing business in the face of huge changes caused by the climate crisis.

Research and Markets carries the latest electric vehicle reports below:

 

Research and Markets offers more information on this topic:

Electric Vehicle Charging Stations Market By Charger Type; By Connector Protocol; By Charging Method; By Application; By Regions - Segment Forecast, 2020 - 2026- Product Image
Electric Vehicle Charging Stations Market By Charger Type; By Connector Protocol; By Charging Method; By Application; By Regions - Segment Forecast, 2020 - 2026- Product Image
Electric Vehicle Charging Stations Market By Charger Type; By Connector Protocol; By Charging Method; By Application; By Regions - Segment Forecast, 2020 - 2026
  • From
  • Report
  • February 2020
  • 107 Pages
  • Region: Global
The Global electric vehicle charging infrastructure market is anticipated to reach USD 56.9 billion by 2026, according to this new study. The report ‘Electric Vehicle Charging Stations Market By Charger Type...
EV Batteries and Materials: Technology, Trends, and Market Forecasts- Product Image
EV Batteries and Materials: Technology, Trends, and Market Forecasts- Product Image
EV Batteries and Materials: Technology, Trends, and Market Forecasts
  • Report
  • March 2021
Although global economic uncertainties have mounted amid the COVID-19 outbreak, we expect structural EV demand growth to remain intact. In the short term, demand for EVs will likely grow more rapidly than demand...
Global Mobility Electrification Perspectives 2025- Product Image
Global Mobility Electrification Perspectives 2025- Product Image
Global Mobility Electrification Perspectives 2025
  • Report
  • December 2020
  • 50 Pages
This report focuses on how leading carmakers are developing and executing their strategies to lead the new era of electrified mobility. It also provides insights on how their model range and sales’ mix by powertrain...
Electric Vehicle Charging Stations Market By Charger Type; By Connector Protocol; By Charging Method; By Application; By Regions - Segment Forecast, 2020 - 2026- Product Image
Electric Vehicle Charging Stations Market By Charger Type; By Connector Protocol; By Charging Method; By Application; By Regions - Segment Forecast, 2020 - 2026- Product Image
Electric Vehicle Charging Stations Market By Charger Type; By Connector Protocol; By Charging Method; By Application; By Regions - Segment Forecast, 2020 - 2026
  • From
  • Report
  • February 2020
  • 107 Pages
  • Region: Global
The Global electric vehicle charging infrastructure market is anticipated to reach USD 56.9 billion by 2026, according to this new study. The report ‘Electric Vehicle Charging Stations Market By Charger Type...
Electric Vehicle Market by Type, by Vehicle Type, by Vehicle class - Global Opportunity Analysis and Industry Forecast, 2020 - 2030- Product Image
Electric Vehicle Market by Type, by Vehicle Type, by Vehicle class - Global Opportunity Analysis and Industry Forecast, 2020 - 2030- Product Image
Sale
Electric Vehicle Market by Type, by Vehicle Type, by Vehicle class - Global Opportunity Analysis and Industry Forecast, 2020 - 2030
  • From
  • Report
  • June 2020
  • 264 Pages
  • Region: Global
The Global Electric Vehicle Market size is estimated to be USD 176.62 billion in 2019 and is predicted to reach USD 1559.84 billion by 2030 with a CAGR of 21.9% from 2020-2030. Electric Vehicle consists of traction...