Volkswagen CEO Says He Wants to ‘Overtake’ Tesla

Published: 3/18/2021, 10:41:30 PM EDT

Green policies are making the electric vehicle space a hot market. Volkswagen's CEO says he wants to "get close and then overtake" Tesla. The German automaker is going full-speed ahead with electric vehicles to do it.

Volkswagen is ramping up battery production, but soaring lithium prices amid low supply could slow down their plans.