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Head of Volkswagen: Apple will not be able to conquer the market of electric vehicles with a swoop
Volkswagen CEO Herbert Diess is not afraid of Apple, even though the tech company is reportedly developing an electric car. “The automotive industry is not your typical tech sector that can be conquered in one fell swoop,” he said in an interview with the German newspaper Frankfurter Allgemeine Zeitung. “Apple can’t handle this on a swoop.”.
In April 20021, Apple received approval from the California Department of Motor Vehicles to test self-driving cars. For years, industry observers have speculated that Apple will launch its own electric robocar. Rumors of this resumed with renewed vigor in December 2021, when Reuters, citing anonymous sources, announced that Apple plans to bring a passenger car to the market in 2024.
“So much is happening in the electric and autonomous vehicle sector and connected technologies,” Morgan Stanley analysts wrote in a note to investors in December 2021. “Perhaps now is the best time for the most valuable company in the world to enter the $ 10 trillion global transport market.”.
Volkswagen also aims to become the dominant force in electric vehicles. The automaker managed to sell 231,600 electric vehicles in 2021, according to data released by the company in January. While that’s less than half of Tesla’s sales last year, that’s 214% more than in 2021 – Germany’s mature auto industry is poised to challenge America’s global EV leader.
Commenting on the sales of Volkswagen-branded electric vehicles, Mr Diess said: “This is why when it comes to competition from Apple, we are not afraid.”. Even with growing rumors, Apple hasn’t officially said anything about its car plans. In addition, the company still needs a manufacturing partner for the iCar.