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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. Tesla’s upcoming release of the highly anticipated Cybertruck and its recently refreshed Model 3 Highland are set to increase pressures put on Volkswagen to make appealing BEVs, not to mention the U.S.

BYD 80
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2025-2035: Rewriting The Automotive History

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A recent report from the Environmental Defense Fund indicates that electric vehicle sales volumes are growing at a rapid pace, signalling an epochal shift in the auto industry over the next decade. Toyota’s pickup trucks will be electrified as well, with Toyota aiming to be carbon neutral by 2050.