A number of traditional automakers have outlined ambitious goals for electrification by 2025. By 2025, Volkswagen is committed to leading the global EV market. Hyundai plans to sell 560,000 EVs per year by 2025. Ford aims to increase its investments in electrification to $30 billion by 2025.
There are other companies that have made EV investments as well, so it will be interesting to see who will win the race for dominating the EV market.