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Greg Smith

Why Volkswagen could be the new Tesla

Expect the iconic German manufacturer to easily become and hold the position of the most electric vehicle unit sales globally by 2030.

Volkswagen shares have powered higher recently, after the German auto giant presented its technology roadmap for batteries and “charging up to 2030” on its first so-called ‘Power Day’.

This was akin to Tesla’s ‘Battery Day’, an event that has often generated much excitement. Battery technology will be critical to the evolution of electric vehicles (EVs) and for those to become the dominant drive technology in the years ahead.

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Greg Smith is head of research at investment research and funds management house Fat Prophets.

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    Original URL: https://www.afr.com/wealth/investing/why-volkswagen-could-be-the-new-tesla-20210325-p57e65