VW accelerates shift to electric cars

Volkswagen is accelerating its shift to electric cars.

The brand now expects fully electric vehicles to make up more than 70% of its sales in Europe by 2030.

That's up from an earlier target of 35%.

In China and the U.S. it sees EVs taking half of the market by the same date.

Now VW is taking aim at rivals including Tesla, with a view to becoming the leader in electric vehicle production.

Brand boss Ralf Brandstaetter says the world's second-biggest carmaker is well placed to win the electric race.

He says VW is ahead of rivals in taking big steps towards a digital transformation of its business and products.