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Volkswagen CEO sees tight race with Tesla for e-car crown by 2025 -Breaking

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© Reuters. FILE PHOTO: Volkswagen Chief Executive Officer (CEO) Herbert Diess speaks at ‘Motion. Autos, Art and Architecture is an exhibit that explores parallels between automobiles and art at the Guggenheim Museum Bilbao in Bilbao (Spain), April 6th 2022. REUT

FRANKFURT – Volkswagen’s Chief Executive said Monday that the company will have to work hard in order to meet its target of becoming world’s biggest seller of electric vehicles by 2025. He also admitted that Tesla (NASDAQ: ) was more powerful than expected.

Herbert Diess stated that “it will be a close race,” at the FT Future of the Car 2022 conference.

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