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VW aims to sell 1m electric or hybrid cars this year

German automaker forecasts tenfold rise in sales since 2019 as it sets sights on profits recovery

Volkswagen plans to sell 1m electric or hybrid cars this year — a near tenfold increase since 2019 — as the German carmaker sets its sights on a recovery in profits after the pandemic.

Sales of battery-only cars tripled to 231,000 in 2020, but the company expects an even faster take-up this year, boosted by new model launches.

Of the 1m electric cars it expects to sell, about half will be battery-only, with the rest plug-in hybrid models, chief executive Herbert Diess told the Financial Times.

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