Volkswagen Group CEO Herbert Diess has admitted that Tesla is a stronger rival than expected, making it harder for the German automaker to reach its goal of becoming the world's largest seller of EVs by 2025. Despite that, Diess said at the FT Future of the Car 2022 conference that VW maintains that target.
"It will be a tight race but we won't give up on it. I have to say we didn't expect our main U.S. competitor to be so fast and well-prepared."
