Volkswagen Strengthens Hold in US Vehicle Market with EV Push

After establishing a confident market share in Europe and commanding over 20% of the market in China, Volkswagen is hoping to finally make a splash in the one market it can’t quite seem to get a hold on – the US. Its strategy? Placing even more confidence in its EV future.

That confidence is coming from an incredibly successful first half for 2021. Volkswagen reported close to $13 billion in operating profits, beating pre-pandemic numbers. And, with the money, Volkswagen aims to expand its EV batteries and software, as well speed up its transition away from internal combustion engines.

This also plays into Volkswagen’s strategy for its market share showdown with Tesla, its main EV competitor and currently the world’s largest EV maker. Volkswagen believes with its renewed vision for an electric future, it can overtake Tesla by 2025.

CEO Herbert Diess echoed the company’s confidence, adding that most automakers are working out of the same playbook.

“Everyone is starting with a white sheet of paper. … We start from scratch. We have new competitors, Tesla probably being the most serious and the most successful, and it will depend a lot on the electrification strategy of the other market participants,” Diess said. “We feel strongly we are early, we have a strong platform, and we have a wide range of cars.”

The automaker plans to stop selling gasoline-powered vehicles by 2035 in Europe, and shortly after in China and the U.S.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

university
The Employer University Alignment Journey with Kristen Fox, CEO of Business-Higher Education Forum
March 16, 2026

Across the U.S., the conversation about the value of a college degree is increasingly tied to one central question: Does higher education actually prepare students for the workforce? As artificial intelligence reshapes how work gets done and employers rethink the skills they need, universities are under growing pressure to ensure graduates leave not just…

Read More
private equity
How AI Is Transforming Private Equity Deal Evaluation and Portfolio Strategy
March 13, 2026

Artificial intelligence is rapidly transforming how organizations evaluate risk, analyze markets, and drive operational efficiency. In financial services alone, global AI spending is projected to surpass $97 billion by 2027, reflecting how deeply data-driven technologies are reshaping decision-making. For private equity firms—where hundreds of potential investments may be screened each year—the ability to analyze information…

Read More
The Tech-Enabled Hospital of the Future: Implications for Care Delivery
The Tech-Enabled Hospital of the Future: Implications for Care Delivery
March 12, 2026

Gone are the days when a hospital was simply a place where patients received care. Today’s hospitals are rapidly evolving into highly connected ecosystems powered by advanced technology, networked devices, and real-time data. The modern hospital is no longer confined to physical walls—it’s a dynamic digital environment where data flows seamlessly, AI supports clinical decisions,…

Read More
career
Stop Chasing Titles, Build a Career That Matters: A CAO’s Advice on Long-Term Success
March 11, 2026

Career advice in finance and accounting often centers around promotions, titles, and compensation. But in an era where professionals frequently change jobs every few years—the average American worker now stays in a role for less than four years—industries are facing growing talent shortages and reevaluating what long-term career success looks like. The question many…

Read More